European traders, Roll Call !!!

The currency problem is an issue. I live in Norway and trade in the US. In 2001 I got close to 900 NOK for every 100 USD. Today the exchange rate is 680 NOK for 100 USD. Kroner have appreciated almost 25% in that period (and the dollar plummeted). That means I have to trade 25% better to make the same amount of money.....
 
I use oanda to (un)intelligently :p hedge my dollar/pound risk.

You could just fix it at the rate when you convert the physical currency, but of course fear/greed comes into it and you can end up daytrading the forex like I do!

The only problem with this is that when you are not mentally up to trading you have to as you are never really in a "flat" position.

Also strong moves in the currencies sometimes happen the same time as strong stock moves. I have 2 pc's and you will just have to picture me holding on to both mice for dear life. I feel like a hardcore DJ when this happens !!!
 
Quote from Funster:

I use oanda to (un)intelligently :p hedge my dollar/pound risk.
More...

hi funster, what is oanda? i daytrade US equities from Amsterdam.

regards,
 
it is for trading or hedging currencies.

Search on this board and you will find lots of posts about them (both good and bad!)
 
Hello all.

I'm in Exeter UK.

Trading only a short time, spreadbetting for last 4-5 weeks. Mostly FTSE100 but planning to move up to the Nas, Dax and so on and join the big boys!

Morning spadge and yorkshire lass.

Love this site - mostly US focus but good TA comment are same for any market.

Tom
 
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