Too much slippage on FXE. You get killed getting in, and killed getting out. Net effect is breakeven if you bet correctly.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
U.S. Dollar Depreciation: What Are You Doing To Compensate For The Fall of The USD?
- Thread starter ByLoSellHi
- Start date
Too much slippage on FXE. You get killed getting in, and killed getting out. Net effect is breakeven if you bet correctly.
Quote from Bitstream:
once it's almost worthless, the dollar is going to merge into the amero so that the NWO's most ambitious project, the NAU, will be realized:
Not a chance. By then, Canada will be happy that China wants its oil and will have money that will buy something to pay for it with.
i agree with a note above. i've really seen no effects from a falling $ outside oil and oil is still Cheaper than last summer when the $ was much stronger so it hasn't even hurt oil. i mean i buy a gallon of milk for $2.50 here. tomatoes $1.80 a lb. meats gone up a bit the last 2 years but not becasue of the $. a huge example are cars. i just bought a honda accord for the almost the same price i bought one 7 years ago. PLEASE SHOW ME WERE THE WEAK $ HAS EFFECTED PRICES? ALSO IT HASN'T EFFECTED INTEREST RATES
Thats right, as far as I am concerned a dollar is still a dollar and inflation is non-sense. I have no problem with Ben & his crew printing more cash because we will never ever feel any net effect from our currency slowly becoming worthless, especially when the Dow is going up 2% every week!!!! It's the best of all worlds. Higher stock prices & more money printed every day & all goods especially imported and services cost the same with zero inflation! Thank you Ben for making the impossible a reality!Quote from hedgeking:
i mean i buy a gallon of milk for $2.50 here. tomatoes $1.80 a lb. meats gone up a bit the last 2 years but not becasue of the $.
Quote from Daal:
read again.You get screwed only once when you buy it. then you hold and use it as collateral, as far as I know IB allows this
I don't disagree, but you'd need a huge move in the Euro as compared to slippage + margin interest for it to be profitable.
Say the Euro goes to 1.37 or 1.38, even. You lost 1/2% on slippage and had to pay 1/2% interest per month on the margin, so month1 its 1%, month2 its 1.5%, moonth3 its 2%, etc.
Quote from thriftybob:
I don't disagree, but you'd need a huge move in the Euro as compared to slippage + margin interest for it to be profitable.
Say the Euro goes to 1.37 or 1.38, even. You lost 1/2% on slippage and had to pay 1/2% interest per month on the margin, so month1 its 1%, month2 its 1.5%, moonth3 its 2%, etc.
thats why I said its for daytraders. otherwise the interest cost is too high