February 8, 2011

Forex trading: Which one should I invest in?

By Planet Wealth

I have a Forex trading project. And yes I lost a lot of money, so I need suggestions, which one should I invest in? The project is due in mid December.

Thank you
Invest in Forex trading project, using oanda
Which currency should I invest on Forex trading?

Topics: trading tips | 6 Comments »

6 Responses to “Forex trading: Which one should I invest in?”

  1. Sisyphus Says:
    February 8th, 2011 at 3:11 am

    Buy AUD. It’s undervalued and for the past 2 weeks it’s been fluctuating betweeen a few percent each time (eg. AUD/SGD has gone between .96-1.0 about every 2 days. Buy around .97 and sell at 1.0: if it’s $100,000 you’re making 3% at least every 2 days. AUD’s been fluctuating in the same direction as the world’s stocks, so if you see the markets rally after this weekend’s G20 meeting you’ll see AUD rally, then confidence will fall soon after (usually within a day) and the markets & AUD fall too.

    I’ve placed my order for .94 to test if it really falls that low, but it’s unlikely so I’ll buy as high as .97 if there’s not enough downward pressure.

  2. Mark B Says:
    February 8th, 2011 at 3:11 am

    What is the project? To invest in Forex? Forex is complex it is not something you just place money in and leave it for 6 months, especially in this economy. You will need keep an eye on the market, and you can make your money. I use FXCM.com They give you everything you need to know, most of it for free. One hint, if you are familiar with the charts, use the simple moving average and the bolanger bands, you can make your money easily. Excellent luck.

    Trade EUR/USD – they are the most traded and usually the most predictable.

  3. Common Sense Says:
    February 8th, 2011 at 3:11 am

    How to succeed in FX…… Hard work & years of learning.

  4. JohnGalt Says:
    February 8th, 2011 at 3:11 am

    Buy Yen, Sell Rupiah

  5. richard t Says:
    February 8th, 2011 at 3:11 am

    try the Norwegian kroner

  6. raffimax Says:
    February 8th, 2011 at 3:11 am

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