Quote:
Originally Posted by NYCSPITZ
ETFS don't follow the commodities that they partially represent. FXB has more downside then yes it looks good for a 25+ plus dollar bounce just on chart action but it's a mid term play and you're looking at 30 % gains maybe. I'm targeting 1000% gain$$$ but if u wanna grow ur account its a safe play.
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given it's my IRA, yes, safe play.
and yes i know they diverge - that's typically the point, a safety net. forex is too volatile for me to fuck around with on a retirement account.