"invest in FoxEx" is such an odd phrase.
Originally Posted by SeriousBiz
We may speculate in ForEx, but we can't really "invest" in it. ForEx never really creates anything.
I'm not saying it's a bad idea or a bad practice, I'm just saying it's not true "investment."
What do you think about this comment from Art Cashin:
There is speculation among brokers that a “dollar carry trade” may be evolving. For decades, arbitrageurs would borrow money in Tokyo at zero percent and short the yen. They would then take the “free money” and buy commodities, crude, high yielding bonds and even stocks. With U.S. rates held at zero for months, traders wonder if an American version of the “carry trade” is beginning to evolve.