Currency trading with Retirement money
Filed in archive Companies and Markets by murry on April 29, 2005
And the thought behind it was, "Stocks and bonds are tied to the business cycle and currencies have low correlations with are markets.
As one who has traded Stocks, Bonds and Currency's over the decades, I find this train of thought Scary. Trading currencies are no deferent then any other product.To think, they step out side the Cycle and that alone is a good reason to buy or sell them is way off course of investing.
The only game I have seen over the years that is worth playing with Retirement money in currencies is buying bonds in G7 countries and some of the other nations .Those who have a history of paying on there debt.This way the fund is gets a return on there money and that gives the fund a play in the dollar`so ups and Downs
..Selling in the U.S. Market drove indexes to there 3 weeks lows..The weekly buy signal is being tested..Oil on the other hand is below the weekly sell number and a close Friday here could show great signs that Oil has top for the Season.
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