Forex base currency and portfolio diversification - Currency Futures | futures io social day trading
futures io futures trading


Forex base currency and portfolio diversification
Updated: Views / Replies:1,460 / 5
Created: by andrewtrader Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Forex base currency and portfolio diversification

  #1 (permalink)
Elite Member
Lithuania
 
Futures Experience: Intermediate
Platform: MBT DesktopPro, Multicharts,NinjaTrader
Broker/Data: MBT,CQG/AMP
Favorite Futures: Forex
 
Posts: 57 since May 2011
Thanks: 43 given, 31 received

Forex base currency and portfolio diversification

In the light of current economic events in Europe and USA I am thinking long term strategies how to protect myself by adjusting base account currency and picking currency pairs wisely.

Some say that USD is unreliable and who knows what can we see in upcoming months. That means if we have USD as our base account currency further inflation of USD can hurt our accumulated profits.

Others express worries, that Euro can fall completely and Europe could return back to local currencies. While some countries can still preserve fixed ratio between Euro and local currency still there is possibility that accumulated profit in EUR account will strongly suffer.

That leaves us basically with GBP and CHF as alternatives, however having these as base currency we force ourselves to constant conversions between currencies while trading pairs, wiring money, etc. Not to mention this complicates broker selection and may add some legal overhead in some cases.

What do you think about all of this? Should we worry at all about USD or EUR, or do you think it's worth to safeguard ourselves ?
What base currency do you recommend?
What currency pairs for portfolio diversification we should consider (that are not so much interdependent)?

I would like to hear opinion also of those who manage larger accounts, or maybe even work in financial institutions and could share professional insight about situation.

Thank you very much,
-A.

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Trading Apprentice
Delhi, Delhi/India
 
Futures Experience: Beginner
Platform: TradeStation
Favorite Futures: Forex
 
Posts: 23 since Nov 2011
Thanks: 2 given, 1 received


We should not worry at all about USD or EUR, as I think instability in USD and EUR is for some months. Still now USD is my base currency.

Reply With Quote
 
  #4 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received

USD is still considered a "safe heaven", as investors struggle to find alternatives.

Reply With Quote
The following user says Thank You to Lornz for this post:
 
  #5 (permalink)
Trading Apprentice
Delhi, Delhi/India
 
Futures Experience: Beginner
Platform: TradeStation
Favorite Futures: Forex
 
Posts: 23 since Nov 2011
Thanks: 2 given, 1 received


Lornz View Post
USD is still considered a "safe heaven", as investors struggle to find alternatives.

Lornz, you are right. Investors are searching its alternative but they have only one option that is EUR.

Reply With Quote
 
  #6 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
Platform: CQG, Excel
Favorite Futures: CL
 
Lornz's Avatar
 
Posts: 1,198 since Apr 2010
Thanks: 500 given, 1,235 received


Lornz View Post
USD is still considered a "safe heaven", as investors struggle to find alternatives.

First of all:
I don't know if all the missionaries on this site have "cured" my atheism, but I obviously meant to write "safe haven". Clearly a typo, but I will carry the shame with me forever...


Daniel25 View Post
Lornz, you are right. Investors are searching its alternative but they have only one option that is EUR.

Well, the EUR seems to be destined for a bumpy ride. I wouldn't bet my life savings just yet....

Reply With Quote

Reply



futures io > > > > Forex base currency and portfolio diversification

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
NinjaTrader 7 List of used BarsType base(PeriodType.?) zacharydw00 NinjaTrader Programming 13 December 16th, 2015 01:59 PM
Calculating Adjusted Cost Base for Futures? DannyG Traders Hideout 6 April 2nd, 2012 05:32 PM
Trading Account Base Currency Ash669 Reviews of Brokers and Data Feeds 5 November 1st, 2011 12:15 AM
Verizon Profit Up But Falls Short on Subscriber Base Quick Summary News and Current Events 0 October 21st, 2011 11:00 AM
Range Bars as base type for Better Line Break? aligator Traders Hideout 4 September 25th, 2011 11:04 PM


All times are GMT -4. The time now is 10:30 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-15 in 0.09 seconds with 19 queries on phoenix via your IP 54.221.76.68