Investment
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Simple answer, yes.
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do hav to sit n face the com whole day? as in no time or cant focus on other things/work etc...can u do that all online..similar to like online banking...itz like say.u think price low now n later will grow, u buy n wait to sell.....online money changer if u will...is there such a thing? but u hav no choice but to go fullfletch into online forex trading or go to money changer?
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Dunnoe about other, but I got a lot of flexibility wif my time.
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Charted this on Sunday
Enjoy :)
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Originally posted by eagle:
Charted this on Sunday
Enjoy :)
I'm gobsmacked. That is stocks rite? Derivatives?
On Forex, I have been heavily shorting the Euro, betting against it, hoping it goes further down.
Now with IMF stepping in, maybe I have to reconsider. -
That's Straits Times Index
I merely stopped investing for dividends for the moment while my 2k dividends for the month of May comes in slowly.
I remember just few months ago, you were advising a forumer to buy Euro. Quick of you to switch to shorting.
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I'm now really really really in a dilemma.
Half of me is telling me to buy € in anticipation of a sharp rebound.
Half of me is telling me to follow the market trend and short on it, but there is always a limit to how much it can drop.eagle, what is your take on it?
btw i'm currently shorting heavily on the €. -
You are the forex expert; I have no comments on Euros as I'm not into it.
But if I were in your shoes facing this dilemma, I will cover half, and set a trailing stop loss for the other half to protect profits, before deciding whether to buy for a rebound.
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Have some stock holdings, looking to branch into forex.
Forex expert a.k.a Fryderyk HPH I see alot of dual currency stuff gging along there, care to explain what's it bout?
I tink i will change some moolahs to Euro soon.
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Originally posted by Fryderyk HPH:
I'm now really really really in a dilemma.
Half of me is telling me to buy € in anticipation of a sharp rebound.
Half of me is telling me to follow the market trend and short on it, but there is always a limit to how much it can drop.eagle, what is your take on it?
btw i'm currently shorting heavily on the €.so you r theFX expert here ah ?
so how you do it ?
i think Euro main trend is now down, it has dropped even as Dow has gone up .................and when the Dow drops again like in 2008, Euro may even go below 1.0000................
i recall reading about an article that says around 90% of ''normal'' people trading eur/usd loses money.............
i think now trade yen pairs the best lah............just follow Dow anyway..............
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Originally posted by eagle:
You are the forex expert; I have no comments on Euros as I'm not into it.
But if I were in your shoes facing this dilemma, I will cover half, and set a trailing stop loss for the other half to protect profits, before deciding whether to buy for a rebound.
LOL I'm not in any way a Forex expert...
This is my plan.
I will do the €/USD$ pair, and short the € side.Will see how again in two days time.
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Originally posted by motoway:
Have some stock holdings, looking to branch into forex.
Forex expert a.k.a Fryderyk HPH I see alot of dual currency stuff gging along there, care to explain what's it bout?
I tink i will change some moolahs to Euro soon.
LOL.
For Forex, everything is a pair, like what I said earlier(EUR€/USD$), and (JPY¥/USD$), (GBP£/EUR€), etc...
You will need a platform and an account to trade Forex. You have one already?
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Originally posted by As romanista2001:
so you r theFX expert here ah ?
so how you do it ?
i think Euro main trend is now down, it has dropped even as Dow has gone up .................and when the Dow drops again like in 2008, Euro may even go below 1.0000................
i recall reading about an article that says around 90% of ''normal'' people trading eur/usd loses money.............
i think now trade yen pairs the best lah............just follow Dow anyway..............
Volatility is key in Forex. Then again, big risk, big possible gain.
The JPY¥/USD$ currency pair has not really been really volatile compared to others like the EUR€/USD$ pair. It was volatile when USD$ plunged like a rock not too long ago, but if the USD$ is on the rise, there is simply a "bucket-push" effect on the JPY¥. Given a choice I would rather do the AUD$/USD$ pair. But please please please, don't be silly and touch pairs like the CHF and SGD... All worthless ones. It just doesn't move...
Yes I heard about that statistic too. Could be true, but I don't know...
And no, the EUR€ will not go below 1USD$. It just won't. The entire Euro-zone will go into massive shake-up precipitating another meltdown crisis of Portugal, Spain and maybe even France which already have existing debt-vs-GDP problems, and the economy will go straight down.
I strongly believe Germany and France will exert enough pull to stop it from hitting the crisis point of a parity 1-to-1 with the USD$. At some point in time, the EUR€ will pull up before parity value, and that is the time to sink in EUR€.
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yah, the aud/usd actually produce more winners too...........
i'm not ruling out eur/usd going below 1.0000 if/when the Dow go down big time again............
just like when the euro started below 1.0000 and then went to 1.6...............it may drop down there again........though it seems virtually impossible..........
yah, trading sgd or other crosses no point since everyone is actually trading the usd in the 1st place..........the usd decides all the other currencies.........
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I really dun think the doomsday prediction of 1-to-1 parity of the EUR€ to USD$ will happen in "this" crisis...
If so, the shit will really hit the fan, all the economies which have high debts in Europe, Portugal, France etc., will go for bargain price...
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not this mini crisis................i don't think this current thing will be the start of the HUGE crash.............unless Dow go below 9000 pts...............the last time the Greek crisis hit the news.........that means all the dumb money have been thrown into the Dow liao andthe banks are now selling
if go below 9000 pts, probably will go below 6000 pts = lower than when this bear rally started................then eur/usd will probably go below 1.1 ....................
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I've prepared funds to top up those on radar.
My target of $1k dividends per month is fast approaching
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is it a good choice to change sgd to euro now??
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Originally posted by eagle:
I've prepared funds to top up those on radar.
My target of $1k dividends per month is fast approaching
My dad just told my family he now has $2.5k dividends per month.
My entire family was shocked...Everyone in my family now doing FX, dunnoe why he still doing derivatives and stocks.
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Originally posted by As romanista2001:
not this mini crisis................i don't think this current thing will be the start of the HUGE crash.............unless Dow go below 9000 pts...............the last time the Greek crisis hit the news.........that means all the dumb money have been thrown into the Dow liao andthe banks are now selling
if go below 9000 pts, probably will go below 6000 pts = lower than when this bear rally started................then eur/usd will probably go below 1.1 ....................
u are kind of right.
but this time i seriously doubt it will go below 1.084 based on worst-case scenario charting on the EUR/USD.if it blows past 1.084 please signal red flag hor. market correction ftw~
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Originally posted by Moka:
is it a good choice to change sgd to euro now??
if i were u, i would take a slower look at this.
i'd rather wait for the first rebound of the € on the first full day of it going back up, and then buy. -
short on euro, USD and pounds, you will earn a lot of $$$$$$
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Originally posted by Rooney9:
short on euro, USD and pounds, you will earn a lot of $$$$$$
LOL!
How do you short EUR/USD currency pair...
Forex is you buy one and sell one at the same time leh.
Then like that EUR/GBP, GBP/USD, EUR/USD how...
Not say these three pairs are the most volatile ones leh~ -
Originally posted by Fryderyk HPH:
My dad just told my family he now has $2.5k dividends per month.
My entire family was shocked...Everyone in my family now doing FX, dunnoe why he still doing derivatives and stocks.
There's a major difference. Guess your dad is like me?
Basically, your dad can stop working, and stone at home, and sufficient money still comes in. No need to think about FX, no need to stress about anything at all.
I would be if I have 100 lots of SPH, 200 lots of SingPost, 100 lots of Starhub, 100 lots of UOB Kay-hian, 20 lots of UOB. The dividends alone will enable one to do many many many things.
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The saying ah...
"money no enuff"
Very true leh.He still working, and still fit mah, so why stop working?
But the thing is that I seldom see him doing anything besides Forex at home... That was why my entire family was shocked.Non-farm payroll in US is squeezing up productivity. Unemployment at 9.7%.
Guess the USD$ is back on an uptrend. The question is, how long will it last.