Should I totally change my investment strategy from stocks to the World Currency Market now ?

Would you recommend selling all stock holdings now & reinvesting in world currency accounts on the Philadelphia Stock Exchange ?

Best Answer

John answered a question in Currencies.
508 points

John answered one year ago …

No, We have seen a dip in the Euro and the British Pound against the Dollar lately. Sooner or later the dollar will turn it around. The Euros strenght is based on the dollars weekness not its own strength. This also depends how well you know the currency market. If you know it well go ahead and give it a whirl.

But if you are asking if you should go into currencies I have to say you probably do not know the currency market to great. If you did you would have invested in them over the past two years. You may have missed the boat here although their maybe some room for growth among foreign currencies.

The key here is if you do not know those markets dont get involved, learn the currency market and look for future opportunities. Dont get involved with a investment overbought or oversold.

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Answers

sundarkambam answered a question in Currencies.
1130 points

sundarkambam answered one year ago …

You can try Forex which is less volatile than the Stock market and in fact has more stability and predictability.

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