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crazycubes
Member since Jan 2016
4387 posts
 Online 

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
1462 posts
 Online 

re: Shorting the South African Rand
Good call


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10
foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
40599 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
1695 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
111527 posts
 Online 

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
2594 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
Joshjrn
LSU Fan
Baton Rouge
Member since Dec 2008
12935 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
20996 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
55964 posts
 Online 

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
Member since Sep 2012
32240 posts

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
11623 posts

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


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