LMAO ITT: ASK A FORMER EUROPEAN ANYTHING

[NYCSPITZ]

Originally Posted by Diode

not doing FOREX. leveraged ETF. look up FXB.

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.

[Diode]

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.

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.