Investing in US dollar can be stagnant

Alexandoy

VIP Contributor
Forex is tricky that sometimes you can fall in a trap unintentionally. The usual advice to us is to invest in a currency that we can pair with the US dollar and the best pair is our own currency, of course. But I have noticed in th pandemic era that the exchange rate of the US dollar to our currency has been stagnating at 48 pesos to a dollar. If I bought US dollars before Christmas then I have not earned a profit now because the exchange is stable. The essence of forex trading is for the currency to fluctuate in value so that the currency you bought can give you a profit when it rises in value. So maybe instead of the US dollar I can look at the Japanese Yen for a better trading.
 

Ivo Zetticci

Verified member
For smoother trade execution, we need superior trading technology provided by a broker. All the facilities provided by FXOpulence broker help a trader highly in earning large amount of profit. The broker helps traders by providing signals often.
 
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