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Forex: Invest in EUR / USD / Polish Zloty?


gleite 6 | 38
31 Jan 2010 #1
Hi, anyone here to advice whether it is or not a good time to invest in these currency par?
All indicates dollar is getting stronger... however, after this whole last week, graphs are indicating EUR will recover.

Anyone with some tips ?
RonWest 3 | 120
31 Jan 2010 #2
I would recommend buying zloty with dollars. We made good money last year.
delphiandomine 85 | 18,270
31 Jan 2010 #3
The zloty is still wildly unpredictable, and while intelligent comment suggests that it will strengthen a bit more, there's no guarantees - if Germany sneezes, then the Zloty tends to catch a cold.

I wouldn't gamble on the USD/EUR-PLN exchange rate - if anything, I'd be looking at hedging at the current exchange rate as we're not out of the woods yet. Poland is running a dangerously large deficit, and while PO have a sensible plan to get out of it, you still don't know what the voters might do.
Grzegorz_ 51 | 6,163
31 Jan 2010 #4
and while PO have a sensible plan to get out of it

lol...
szczeciniak 4 | 92
31 Jan 2010 #5
get yourself a metatrader 4 its free for testing( google it)
set it up with the a pair you like(EUR/USD)
and see at weekly and mounthly!! in fact go fru daily and hourly so you can make better choice with clearer view of passable movements.

do not relay on advices from forums and internet from ppl you dont know.

i have done tonnes on this pair, but now i am shorting euro/usd(sell euro) i would consider to buy at 1.25-26 as i can see strong support there?

it is not a advice so dont take my trades as advice!!!

are you short or long trader? or just investor?
delphiandomine 85 | 18,270
31 Jan 2010 #6
do not relay on advices from forums and internet from ppl you dont know.

Too true, but it's always a very good idea to read forums to get an idea of what people are saying, as they might point out things that are obvious to professionals but not to the amateur.
OP gleite 6 | 38
31 Jan 2010 #7
just investor...
do you think it will go even more down this week the pair eur/usd ?
i was considering it to buy a bit now so that it goes to around 1.3950. ... ?
any idea if that is something about to happen, or it will go down and instead i should short it ?
szczeciniak 4 | 92
1 Feb 2010 #8
are you trying to trade within last day candle?
than keep your stops below last candle price!
then 1.3950 is ok! if price go above 1.3958? change your stops to 1.39.
if you buy it at 1.3850? and it will go to 1.3950? you may wish to sell it or change your stops from lower to higher price( and keep on be in trade)

if it go to 1.4070(and it is passable) adjust your stops and continue !
but please check your charts and if you dont like it!! dont go for it!!

my stops will kick in about 1.4050.



Bultish
1 Feb 2010 #9
I would recommend buying zloty with dollars. We made good money last year.

I don't think there will be all that fluctuation in these currencies. Best get on the share bandwagon and get out before the next crash.
bond 3 | 10
23 Mar 2015 #10
from 2010 till now if you had bought polish zloty, you would have made a lot of money now. but keeping money in something for 5 years would have been tough. here you can find the best currency to invest in right now. and from the look of things it looks like going bearish in the short-term for usd/pln is the a good thing to do.


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