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I 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
by jxub 9y ago
I 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.