What’s the Best Way to Invest in the Canadian Dollar? Also Commodities ?
Sunday, October 26th, 2008 at
2:29 pm
NunZ7777 asked:
I don’t have a lot to invest but I believe the dollar is just going to keep getting weaker. Many analysts I’ve read really like the Canadian dollar. Also how does a small investor go about investing in different kinds of commodities?
I don’t have a lot to invest but I believe the dollar is just going to keep getting weaker. Many analysts I’ve read really like the Canadian dollar. Also how does a small investor go about investing in different kinds of commodities?
Tagged with: Different Kinds • Invest • Lot
Filed under: Commodity Trading
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The best way to invest a dollar is by going to the dollar menu at McDonald’s.
Honestly, I think the best way for a small investor to invest in particular commodities is by using the newer ETF’s representing the commodities you are interested in. They are coming out with more and more all the time. But getting into the commodity market is very risky, mostly because of the ability to highly leverage your money. An example; if you were to buy gold in the commodity market, you would only have to put up about $4000 to control 100 oz valued at around $62,000. If it made a $30 move like it did here recently, you would be out $3000 in one day! So you would have to either close out and take your 1000, or put in another 2000, to hold your contract. You could by options, but then again, you are doing a time play that can risk all that you put in. Check out alaron.com or ancofutures.com as they have some very good info, and by all means, study! I think it is a fascinating market, but leveraging your money is VERY risky! Good luck!
Hi, i know what your question means. i also think stock market is a nice place for investing.
I found some useful tips in stock trading. It includes stock basics, how to protect your profit, find a potential increase share, control and manage stock risk, when to sell/buy stock and so on.
Best Wishes && Good Luck!
The best way to invest in the Canadian dollar aka the loonie is trading in the foreign exchange market. You trade the loonie against other currencies such as the US dollar or Japanese yen. Most people aren’t familiar with the foreign exchange market since all you hear about is stocks, options, and commodities. In reality, it is the biggest financial market in the world and trades almost 24/7. You should check out BabyPips.com,
get a broker. That’s the best way.