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re: Forex
Posted on 2/26/10 at 5:57 pm to Feed Me Popeyes
Posted on 2/26/10 at 5:57 pm to Feed Me Popeyes
quote:
If buying their currency isn't really the way to try to cash in on this future improvement in Poland's economy, what is?
kfizzle's post sums it up nicely IMO. When a country's economy does well normally it's the stock market that goes up. Bonds may or may not, and when you trade forex you are trading bonds denominated in the other currency, not the currency itself. Currency depreciates over time, which is why banks trade the bond instead (something goldbugs braying about fiat currency collapses don't understand, but that's a subject for other threads).
As far as where you might find zloty bonds, I haven't researched that. I kind of threw you a trick question there, it may be easier to buy them by buying the currency instead, I don't know.
A fund is normally what I do, but like kfizzle I cannot emphasize too much that you really need to look at the prospectus and see what the fund's holdings really are, don't rely on the blurb on the title. If you use a major broker you can probably buy a country fund at a semi reasonable rate, although for Poland in particular you may have to shop a bit.
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