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Question about currency speculation.?
If I only buy and sell at very specific exchange rates, will I eliminate all risk involved in foreign exchange?
For example I have 10000 USD and I buy EUR at 1.48, then I only sell the EUR when it reaches 1.40, is this elimating all risk?
It means that the exchange may not be completed over one day or even a week but there would be no risk.
1 Answer
- WawaLv 71 decade agoFavorite Answer
Your only risk is that the euro might take months or years to go to 1.40 and during that time you'd lose possible gains in other possible trades. Realistically, 1.40 / $1 seems reasonable.
