Do you feel comfortable with a USD account? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

If you've got money stuck in PayPal I feel bad for you son... 19 replies

Should you feel happy about Spain's bailout? 1 reply

When do you feel successful as a trader? 18 replies

Do you feel comfortable with a USD account?

  • #1
  • First Post: Jul 5, 2011 5:44am Jul 5, 2011 5:44am
Hello,

A few questions for those which have a trading account in USD: Do you feel comfortable having your account in that currency? Do you fear the dollar will depreciate even more in the coming years and your profit will actually be smaller caused by the falling dollar?

Regards,
Michael
  • #2
  • Jul 5, 2011 6:47am Jul 5, 2011 6:47am
Quoting Forex5050
Hello,

A few questions for those which have a trading account in USD: Do you feel comfortable having your account in that currency? Do you fear the dollar will depreciate even more in the coming years and your profit will actually be smaller caused by the falling dollar?

Regards,
Michael
For US citizens this is not very important.
  • #3
  • Jul 5, 2011 6:53am Jul 5, 2011 6:53am
Quoting josef
For US citizens this is not very important.
it is important, in fact is important for all US citizens, as you buy bananas in US $ from Guatemala today a bunch is $1 and one year later is going to be $1.20 for the same bunch and the wages are going to be the same.
  • #4
  • Jul 5, 2011 7:29am Jul 5, 2011 7:29am
My extra US currency turns in to gold.
  • #5
  • Jul 5, 2011 7:35am Jul 5, 2011 7:35am
Quoting EmeraldEyes
My extra US currency turns in to gold.
Mine turns into lead..........
  • #6
  • Jul 5, 2011 7:43am Jul 5, 2011 7:43am
http://i-club.com/forums/images/smil...andgetsome.gif
  • #7
  • Jul 5, 2011 8:34am Jul 5, 2011 8:34am
Quoting EmeraldEyes
My extra US currency turns in to gold.
That's a good idea.
  • #8
  • Jul 5, 2011 9:32am Jul 5, 2011 9:32am
Quoting EmeraldEyes
My extra US currency turns in to gold.
did you buy some GOLD on 02 May this year? you need to sell now... after that tell me how many bunch of banana you've lost
  • #9
  • Jul 5, 2011 10:27am Jul 5, 2011 10:27am
Thinking how to manage a profitable trading is more useful rather than worrying about USD depreciation. It's too excessively.
  • #10
  • Jul 5, 2011 3:53pm Jul 5, 2011 3:53pm
The dollar funds in your account is equal to long dollar position. If you have normal account, it should be a concern. To be squared or flat, you should open a short dollar position against a negative dollar correlating currency. The position must be of equal amount to your account balance minus the margin to be used.
By depositing funds into your account, you are already long the account currency.

Take care.
  • #11
  • Jul 6, 2011 1:10am Jul 6, 2011 1:10am
Quoting pipwarrior
did you buy some GOLD on 02 May this year? you need to sell now... after that tell me how many bunch of banana you've lost
I did buy a chunk May. Why would I need to trade my gold back in to paper?
  • #12
  • Jul 6, 2011 1:24am Jul 6, 2011 1:24am
Quoting Forex5050
Hello,

A few questions for those which have a trading account in USD: Do you feel comfortable having your account in that currency? Do you fear the dollar will depreciate even more in the coming years and your profit will actually be smaller caused by the falling dollar?

Regards,
Michael
Well Michael, that's why I have a forex account. To convert USD and capitalize on the changing currency values. If it was all just sitting in a CD or bond then that would be something to think about.

Quoting momento
The dollar funds in your account is equal to long dollar position. If you have normal account, it should be a concern. To be squared or flat, you should open a short dollar position against a negative dollar correlating currency. The position must be of equal amount to your account balance minus the margin to be used.
Just hedge by buying (or selling) USD/USD

Quoting EmeraldEyes
I did buy a chunk May. Why would I need to trade my gold back in to paper?
May not be legal tender, depending on where you live, what you're buying and/or what form your gold is in (coins, bars or other).
  • #13
  • Jul 6, 2011 2:50am Jul 6, 2011 2:50am
I asked the same question http://www.forexfactory.com/showthread.php?t=291758 .
It's best to open sub-account, and if you have in your main account 4 000$, put in sub-account 4 000 E (or chf) to hedge it.
  • #14
  • Last Post: Jul 6, 2011 3:26am Jul 6, 2011 3:26am
Quote
trading account in USD: Do you feel comfortable
Actually if you are not comfortable with usd, I assume you could use diversification. For example I'm trading 65% if my account with USD and 35% with EUR. And besides I'm from europe.
Actually I would rather be worring about EUR and all shit what is happening here with Greece and other debt countries who is using euro as main currency
0 traders viewing now