Sep
26
Where is the best place to get information about investing in foreign currencies?
Filed Under investing
Maniac asked:
I have been looking at investing in some foreign currencies (1 in particular), but would like to find out as much as I can before working out whether this would be a good investment or not. Where is the best place to find this sort of information?
I was planning on buying it now while their currency market is in all sorts of disarray and then sitting on it until sometime in the future where (hopefully) the country has sorted itself out and the market has stabalised.
I have been looking at investing in some foreign currencies (1 in particular), but would like to find out as much as I can before working out whether this would be a good investment or not. Where is the best place to find this sort of information?
I was planning on buying it now while their currency market is in all sorts of disarray and then sitting on it until sometime in the future where (hopefully) the country has sorted itself out and the market has stabalised.
I am not looking to make a quick buck as I know that in this case it will take quite a while to see any chance of selling for a profit, but plan to be in this for the long game…
Judith
Comments
4 Responses to “Where is the best place to get information about investing in foreign currencies?”
The market you cannot invest in something by swapping.
The better forex sites that have been on lots of the better forex trading programs httpwwwcurrencyforextradingcom.
The better forex trading and different books and different books and trading and trading and different books and.
Nowhere. You don’t invest in foreign currencies, you speculate in them.
You can speculate in currencies via a Forex broker/dealer but not invest in them.
You can open bank accounts in any major currencies with a bank.
But actually buying currencies will cost you money.There is a bid/offer spread and also the banks commission to pay., which can add upto 10% on the currency.