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Shorting the South African Rand
Posted on 12/4/18 at 9:30 am
Posted on 12/4/18 at 9:30 am
Saw this thread...
LINK /
Got me thinking that if South Africa is heading the way of Zimbabwe, is it possible to short the Rand (South Africa currency). For the past 5 years, it's been about 10 cents to 6 cents per Rand.
What say the gurus of the MT?
LINK /
Got me thinking that if South Africa is heading the way of Zimbabwe, is it possible to short the Rand (South Africa currency). For the past 5 years, it's been about 10 cents to 6 cents per Rand.
What say the gurus of the MT?
8
Posted on 12/4/18 at 11:25 am to crazycubes
I say playing foreign exchange markets is a good way to lose money. You haven't discovered anything here Goldman Sachs and Citigroup haven't already.
Posted on 12/4/18 at 11:32 am to crazycubes
Based on my limited experience in this type of stuff, it is better to play slots in vegas instead. At least you can convert your player points to free drinks, food and hotel rooms after you loose thousands of dollars.
Posted on 12/4/18 at 11:38 am to crazycubes
quote:The best way to get to a million dollars by playing the currency markets is to start with two million dollars....
What say the gurus of the MT?
Posted on 12/4/18 at 2:07 pm to crazycubes
FX derivatives are a great way to lose tons of money.
Think about it. Hedge Funds do this for a living and struggle to make consistent returns.
Think about it. Hedge Funds do this for a living and struggle to make consistent returns.
Posted on 12/5/18 at 8:26 am to foshizzle
quote:
You haven't discovered anything here Goldman Sachs and Citigroup haven't already.
The day I truly understood and internalized that fact was the day my portfolio started trending up.
Posted on 12/5/18 at 4:09 pm to crazycubes
My parents remember the days the rand and dollar were virtually equal.
Posted on 12/6/18 at 7:06 am to Joshjrn
quote:
The day I truly understood and internalized that fact was the day my portfolio started trending up.
Posted on 12/6/18 at 2:17 pm to crazycubes
Shorting means there's no limit to how much you can lose.
When you are long, you can't lose more than what you originally invested.
When you are long, you can't lose more than what you originally invested.
Posted on 12/6/18 at 4:32 pm to crazycubes
Why not just short the ETF?
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