Betting Against the Dollar

There are several ETFs which short the USD.

I’ve always been told that currency trading is one of the riskiest trades anyone can do. And the easiest way to get to a million dollars by trading currencies is to first start with two million dollars...

I have a buddy who literally has made 20-30M on currency trading. We visit him every year at Islesworth to go to the pelicans v magic game.

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I think it’s a really bad bet, personally.

We’ve pumped trillions into the market over the past few months and the dollar has only held firm or strengthened relative to most currencies. Why? Because the majority of that debt was bought by foreign investors. They need dollars to service their dollar-denominated debt and many are simply buying security.

The U.S. will be the only major consumption market in the world very shortly and we’re in the process of cutting our trade down to only five partners: Britain, Canada, Mexico, South Korea, and Japan. Anyone else who had been reliant on U.S. trade is about to be in a bind. What is one of the things an export-dependent country does to increase competitiveness? Why devalue its currency, of course.

Most countries in this day and age (including Denmark, Switzerland, and Sweden) are heavily dependent on exports. Most will be in a race to the currency bottom before too long in an attempt to retain market share. Don’t bet on any of those currencies.

I love me some risk but jesus dude. you'd have better odds at a roulette wheel than out smarting the currency market guys.

Honestly... Bitcoin.

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I have a buddy who literally has made 20-30M on currency trading. We visit him every year at Islesworth to go to the pelicans v magic game.

LINK /

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he made 20M teaching/selling dreams..? or he made it actually trading?

i've traded the cable for the past 12-15 years or so..off and on.
strickly trading the price action and using correlations for the determining the buy/sell signals.
..and only during london/new york overlap.

i prefer trading equities.. good enough volume and less time needed on the computer.

but there is definitely much more reward potential(and risk) with forex.
if you wanted to try turning 10k into 1M in an afternoon.....you could. (you could also lose it in an instant too)

Even though it’s their own currency, the Frank is nearly always locked to the euro. It never varies by more than a tiny bit.
The Swiss messed up with they made that change. In my opinion anyway.

The danish and Swedish krone seem to be not too risky. Both nations are in phenomenal shape in regard to debt.

I’ll look at polish and chech as well.

It’s just so foreign to me. I need to learn more before I attempt to trade.

How would u do that

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At least learn the Swiss currency is the franc not the Frank.

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Was it really that funny?

It's probably more likely the dollar appreciates in this type of environment and the weakening would come on the other side of our draconian shut down. Even if that happens it could take a decade to do that kind of damage to a currency that is used for 2/3 of global trade. I do think the global bankers will want to transition off the dollarization in global trade. It gives the US way too much power and monetary policy can now be weaponized on smaller countries dependent on Fed policy.

Edit: of course I say that and we're seeing records set on foreign companies issuing even more dollar denominated debt lol