Is there such thing as an easy currency for rookies ?

G

garethj

Junior member

Messages

29

Likes

0

• Oct 29, 2008

• #1

Hi all,

I am new to that forum and to fx. And interested in both Here is an intriguing or stupid (your call) question : is there such thing as an easy currency ? I mean, is it less risky to make calls on USD or CHF or is the risk equaly shared between all of them ?

Thx,
Gareth

 

shadowninja

Legendary member

Messages

5,524

Likes

644

• Oct 29, 2008

• #2

Look for the one with the least volatility. Newbies are attracted by volatility.

 

L

LiamH

Well-known member

Messages

425

Likes

40

• Oct 29, 2008

• #3

shadowninja said:

Look for the one with the least volatility. Newbies are attracted by volatility.

Click to expand...

I agree! From personal experience, volatility for a newbie is BAD NEWS! I'm pretty new to the game and have just suffered a 35% drawdown on my account trading GBP/JPY... This was no more than 3 days after more than doubling my account in the same market - I would suggest maybe EUR/GBP - Of all the currency pairs i've followed this seems to be the least volatile.

Good luck!

 

arabianights

Legendary member

Messages

6,721

Likes

1,380

• Oct 29, 2008

• #4

shorting zimbabwe dollars is pretty easy.

 

shadowninja

Legendary member

Messages

5,524

Likes

644

• Oct 29, 2008

• #5

arabianights said:

shorting zimbabwe dollars is pretty easy.

Click to expand...

But against the pound?

 

arabianights

Legendary member

Messages

6,721

Likes

1,380

• Oct 29, 2008

• #6

I'm long zimbabwe dollars against the dollar.

(Seriously - I have over two trillion of the buggers!)

 

timsk

Legendary member

Messages

8,592

Likes

3,319

• Oct 29, 2008

• #7

Hi Gareth,
Welcome to T2W.
When I saw the title of your thread, I feared you might be subjected to a torrent of sarcasm and abusive humour of the sort that would even cause offense to Messrs. Brand & Ross. Low and behold - not a bit of it - all sensible replies! That said, if you do happen to stumble on 'an easy currency' with which to make your fortune - make sure you come back and tell us lot about it! Happy hunting and good luck with your trading.

Tim.

 

Magos

Established member

Messages

911

Likes

24

• Oct 30, 2008

• #8

Keep the available margin high, leverage levels low, and the good thing is that all currencies move

 

G

garethj

Junior member

Messages

29

Likes

0

• Oct 30, 2008

• #9

Thx to all. I was indeed expecting intense skull-bashing, I can survive to harare$
Just to reassure you, I am not working on becoming bankrupt in a few days, and trying not to rely on any fishy miracle method. Asking naive questions rather than acting naive, which is obviously a pretty arrogant statement.