10-31-2007, 02:31 PM
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#1 |
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Greenhorn
Join Date: Jul 2006
Posts: 12
Rep Power: 0  |
What is good alternative base currency instead of the U.S. $ or the EURO?
Several forex brokers allows a person to choose the base currency. What is the best base currency beside the U.S. $ and the EURO? <br />I am looking for a couple well known currencies that will very likely appreciate in value in the future (besides the U.S. and the EURO).... Thanks in advance.<br />
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10-31-2007, 02:31 PM
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#2 |
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Piggy Bank
Join Date: Jul 2006
Posts: 75
Rep Power: 6 |
What is good alternative base currency instead of the U.S. $ or the EURO?
I like the Canadian Dollar (loonie) and the Australian Dollar (Aussie). Forex trading is much easier, now that they offer the currency ETFs. Here is a link:
http://top10traders.com/ViewPost.aspx?postID=753 There are also Dollar Bearish & Dollar Bullish ETFs. |
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10-31-2007, 02:31 PM
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#3 |
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Greenhorn
Join Date: Jul 2006
Posts: 26
Rep Power: 6 |
What is good alternative base currency instead of the U.S. $ or the EURO?
The USD and EUR cannot both appreciate against each other, unless you mean against different currencies.
The choice of base currency has nothing to do with your view on the currencies, since you can then make the appropriate trade to express your view. If you're based in the US then you should choose USD as your base currency and then trade to express your bearish/bullish view. |
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10-31-2007, 02:31 PM
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#4 |
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Savings Advisor
Join Date: Jul 2006
Posts: 109
Rep Power: 6 |
What is good alternative base currency instead of the U.S. $ or the EURO?
I would use GBP - Pounds....
They have never failed me.... always good. |
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