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crazycubes
Member since Jan 2016
4219 posts

Shorting the South African Rand
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?


AndyJ
Member since Jul 2008
1431 posts

re: Shorting the South African Rand
Good call


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10
foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
40020 posts

re: Shorting the South African Rand
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.


CajunTiger92
LSU Fan
Member since Dec 2007
1637 posts

re: Shorting the South African Rand
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.


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30
LSURussian
LSU Fan
Member since Feb 2005
110102 posts

re: Shorting the South African Rand
quote:

What say the gurus of the MT?
The best way to get to a million dollars by playing the currency markets is to start with two million dollars....


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110
Azazello
Duke Fan
Chicago
Member since Sep 2011
2538 posts

re: Shorting the South African Rand
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.


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10
TD SponsorTD Fan
USA
Member since 2001
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Joshjrn
LSU Fan
Baton Rouge
Member since Dec 2008
12286 posts

re: Shorting the South African Rand
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.


TheWalrus
LSU Fan
Memphis
Member since Dec 2012
20193 posts

re: Shorting the South African Rand
My parents remember the days the rand and dollar were virtually equal.


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castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
54783 posts

re: Shorting the South African Rand
quote:


The day I truly understood and internalized that fact was the day my portfolio started trending up.


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deeprig9
Georgia Fan
Near Athens
Member since Sep 2012
30785 posts
 Online 

re: Shorting the South African Rand
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.



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10
b-rab2
LSU Fan
Lafayette
Member since Dec 2005
11599 posts

re: Shorting the South African Rand
Why not just short the ETF?


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