What Currency is the best to buy right now?

Question:

I just opened a Forex currency trading account. I have been trading stocks and options for a number of years. I was thinking of moving into the Euro from the dollar because I am concerned about U.S. Dollar weakness moving forward but I see that the Euro is trading at 1.32 to the U.S. dollar now, that is nearly an all time high. Anyone here trade currencies? What currency is the best to buy right now?

Answer:
If you have to ask, don't trade forex, you will be eaten alive.

Knowledge of stocks and options does not imply proficiency in currency trading. Like the previous responder, I agree that if you have to ask, you're going to get eaten alive -- if not by the commissions then by the spread.

no body in the world know, just like no body predict 9-11

assume i am right

china currency rmb

canada it may go to 1 dollar us to 1 dollar canada

and euro

best of luck,,,

"The Economist" predicts that the Chinese Yuan is going to continue appreciating in value.

Stay away from the Yuan...you're asking for trouble with the Chinese since that will always be a "pegged" currency (since the Chinese don't want to unpeg it for whatever sinister reasons they have). The Euro has nowhere to go but down from 1.32.

If it was me, I'd put it into the Yen instead.

I don't trade currencies, but a friend of mine does...he's got most of it in Yen.

The best currency to trade is the Euro and the UK Sterling!

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Good Luck and Best Wishes!

What Currency is the best to buy right now?

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