More profitable to invest in "great difference" currencies?

Discussion in 'Forex - Currencies Forums' started by WaveWage, Sep 28, 2015.

  1. WaveWage

    WaveWage Well-Known Member

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    Some currencies are meant to be close to each other. For example, USD and CAD will stay close to each other, and same story goes for USD and EUR. But when it comes to other currencies like USD and JPY, there is a great difference of value between USD and JPY, leading you to have more likely more number changes without having to use leverage. Let me explain.


    USD and JPY is around ~120, meaning $1 is worth 120 Yens. So, if the value changes a bit, instead of changing of 0.01, it will probably change of a whole 1 or 2 yens, because yen values less than USD. However, yes, when converted back to the USD, the yen change won't value much. That's why I want to see clearer answers about it:
    It is more profitable to invest of currency pairs with great difference of values, like USD and JPY, or it makes no difference, or should it be avoided?
     
  2. Linda Smith

    Linda Smith Senior Investor

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    We all know that, risk is a common factor in forex trading. From beginner to professional every trader has to face the losses. Those who can not cope up with loss are not suitable for the forex market. A trader should know all the tools and techniques to recover his losses. It s quite impossible not to having loss in forex trading. Loss is a must element in forex. But you can minimize the loss and by your trading technic you can convert it into profit. For that you need to have proper knowledge about forex. You can open a demo account to measure your knowledge and it will help you to find out all the problems of yours and give suggestions. I am trading with Tpglobalfx. They always help me to minimize the loss and also help me to recover my losses and make profits easily.
     
  3. Brentwood

    Brentwood Senior Investor

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    The key is to understand how it really works and who is right to work with. I was losing funds to a broker and by the time i realised it, i had already lost $52000 which was over half of my savings. I met a friendly trader and she directed me to the recovery agent Mr Bart Kasch. He helped me recover all my money, every penny. Referred him to friends and colleagues already, you can contact him if you need help at [email protected]
     
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