Swiss Franc, bubble or buy?
The Franc has had a run from 1.17 Francs per dollar to 0.765(!) in the past year. Assuming that one can open an account denominated in such, is there still time to buy or is this a bubble that will burn the buyer? Swiss natl bank is talking about devaluing due to the strong franc hurting their economy, but when will that happen and how?
|
Do we have arbitrage people on this board?
|
I guess not.
|
Looks like the money has already been made.
|
Quote:
|
Trade Forex, many brokerages offer it.
There are stocks that track forex, FXE (Ryder Trust) is Dollar vs Euro, I don't know if there is one using the Swiss Franc(CHF). Can be VERY risky, can be very rewarding, can be very tiring. I trade FX, 5 days a week, sometimes close to 24 hours a day. But I don't trade the Swiss Franc generally, I usually trade the Euro and/or the Yen vs the Dollar. Leverage is high, moves can be massive in a blink you can be wiped out or make a killing. So you have to manage the risk carefully. RE the Swiss Franc CHF is the FX symbol, it has been a fairly orderly decline, much smother than the USD/Eur which has had it's ups and down. No opinion on it personally, I tend to day trade. |
kknudson -
Given the volatility it doesn't sound like learning as you go would work. How'd you learn? sjh |
Quote:
I learned a lot by the school of hard knocks, a lot (A LOT) of reading, a few classes and general common sense. I'm mostly a technical trader. Again it can be rewarding, don't dream about getting rich over night, but you can make a living at it. Also by far the most stressfully thing I have ever done, and I've had a few stressfull positions in my career. Many FX brokers offer free accounts, then with FX they have Micro accounts you can open with next to nothing. Trading real money teaches you quickly. AGAIN VERY RISKY, and you must be very very serious about it. |
Quote:
|
Quote:
No I generally trade the Euro and / or the Yen, the Swiss move has been very slow and steady. I trade more the the quick moves, short term. |
Quote:
|
This is just curiosity. I doubt very much that I'll get involved in this field.
With the 500 point drop today. Were you able to benefit from it? |
Quote:
The morning was strange, so I traded small and carefully. Unfortunately then I had a prior commitment for part of today. Once I got back it was getting real flaky so I choose to step aside. Which is an important technique to be good at, knowing when to walk away. I did do quite well in FX though, trading the $/Euro. |
Quote:
Any insight on the market move today? |
All times are GMT -4. The time now is 02:19 AM. |
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2024 Pelican Parts, LLC - Posts may be archived for display on the Peach Parts or Pelican Parts Website