5 ms·
Thanks jxub, I need a short term strategy indeed. In about one year I'll pay a large amount in taxes to the Spanish government so anyway I need to exchange ever
by tawayusdeur 9y ago
Thanks jxub, I need a short term strategy indeed. In about one year I'll pay a large amount in taxes to the Spanish government so anyway I need to exchange everything within the next 12 months or so. The ETF looks like a good idea, but if you look at the oscillations there are currently in the USD/EUR exchange rate, it is possible to make the same you make with ETF in one year in just a couple of days. This is why I think to have some decent strategy is useful in this case.
- jxub 9y agoI see what you mean, go with it if you think you can pull it, be aware however that if your order is quite large you might influence the market, you could sell it in batches though to minimize risk. If you want to make a profit it's already active trading, and I'd be wary of doing forex with this sum of money. Anyway this stuff is quite far from my area of knowledge... Just never trust the market completely. Good luck!
- hhmc 9y agoUnless you're trading >$1M you're not going to move the EURUSD market, and even then you're almost certainly fine. It's big institutional 9 figure orders where you need to worry. EURUSD is one of the most liquid markets in the world.
- tawayusdeur 9y agoThanks! I totally agree with the fact that Forex is such a terrible random thing to be in... The problem is that indeed I did not choose to be there, I happened to do Forex without wanting to do it. I think I'll sell in small batches, at the month low, and so be happy with the outcome regardless of the long term... In the long term $EURUSD may even go crazy and reach 1.4 and that would be terrible for me.