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Thread: Investing in Foreign Currencies

  1. #1
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    Investing in Foreign Currencies

    What's the best way to invest in FX? Long or short. I signed up for an E-trade FX account, but they don't allow un-margined trading. If I wanted to go long on say the Yen, I would have to do so through options, futures or forwards. I don't want to mess with any derivates or leverage due to risk, I just want to trade with my money.

    Are there other trading platforms that will allow this? Or perhaps some currency ETFs?

  2. #2
    Registered User Kedwyn's Avatar
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    You don't need margin for options so long as your transactions fall under level 1 or 2. All that means is you can't lose more than you have. So buying contracts or selling contracts you own would be examples as would covered transactions.

    You do need to execute a separate agreement to trade them. Call your brokerage and ask.



    Options are fun. Just don't get carried away. When you're wrong you're usually really wrong investing that way.

    I'd also avoid currencies. I prefer more volatile plays. Pick some really volatile stocks like Netflix as an example and play it.
    Last edited by Kedwyn; 04-30-2015 at 06:44 AM.

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    bump. anyone know some good FX trading platforms?

  4. #4
    Everything is meaningless Vinen's Avatar
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    Quote Originally Posted by astos View Post
    bump. anyone know some good FX trading platforms?
    If you are asking this question you should not be investing in FX.

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    Coat-hanger Dick Khane's Avatar
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    What's a Z-job?

  6. #6
    Everything is meaningless Vinen's Avatar
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    Quote Originally Posted by Khane View Post
    What's a Z-job?
    I lol'd hard.

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    fx trading is nigh unbeatable

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    Registered User OUAriakas's Avatar
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    Draegan's bitch ass sold us out to MMORPG.com

    Exodus underway to ReReRolled.org - A Gaming Community

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