Where is the best place to get information about investing in foreign currencies?
I have been looking at investing in some foreign currencies (1 in particular), but would like to find out as much as I can before working out whether this would be a good investment or not. Where is the best place to find this sort of information?
I was planning on buying it now while their currency market is in all sorts of disarray and then sitting on it until sometime in the future where (hopefully) the country has sorted itself out and the market has stabalised.
I am not looking to make a quick buck as I know that in this case it will take quite a while to see any chance of selling for a profit, but plan to be in this for the long game…
Investing
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encipledia
http://www.xe.com
What do you mean invest in a foreign currency? You are selling one currency for another. But how do you think you will beat the market? You cannot invest in something by swapping.
This is one of the better forex sites that I have been on – lots of information about forex trading and different books and trading programs.
http://www.currency-forextrading.com/
http://www.forextv.com/FT/Video.jsp?channel=41
http://umgarticles.atspace.com/forex-trading.htm
http://www.fxstreet.com/rates-charts/usdollar-index/
http://forex.tradingcharts.com/
http://www.dailyfx.com
http://www.forexbastards.com
http://www.forex-options.com/
Nowhere. You don’t invest in foreign currencies, you speculate in them.
visit http://net-new.blogspot.com
You can speculate in currencies via a Forex broker/dealer but not invest in them.
You can open bank accounts in any major currencies with a bank.
But actually buying currencies will cost you money.There is a bid/offer spread and also the banks commission to pay., which can add upto 10% on the currency.