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FOREX: Which currency do I want to own?

I’m pretty sure the dollar is making major head way, but is there anything else poised for big gains? Japanese Yen or the Indian Rupee maybe?

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5 Responses to “FOREX: Which currency do I want to own?”

  1. Don’t come to yahoo answers for financial advice.

  2. Like anything else in the markets, currency has now become very volatile. There used to be a time when a 2cent move in one direction or another would be huge news. Today, we see markets swing in triple digits and currency follow suit.

    I am intrigued by the Canadian dollar. It had a huge run during the oil price balloon. It has come back down to near lows recently. Many are predicting the Canadian economy to withstand the most pressure out of the G20 nations. I would suspect that it may make a large jump when energy prices continue to rise (after this pause). I would suspect there are gains to be made there.

    Take it all with a grain of salt

    Spotless
    http://www.webfoolish.com

  3. -rickymorgan Says:
    November 25th, 2008 at 7:06 am

    1.Go long on YEN vs Euro, pound, AUD for the december future contract.You have definitely 90% success rate……

  4. go to http://groups.yahoo.com/group/Forex_Alerts to get daily forex alerts

  5. Trade with major pairs. Yen is not recommended. INR maybe. I trade mostly euro usd.

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