Currencies forex investing and portfolio positioning
It's a subject that is often overlooked "Base Currency" I have a portfolio base currency in USD (as I trade 99.9% the US markets) and as it's a large account I currently hold 8 currencies (10 if you include Gold & Silver) and increase my portfolio returns by switching between currencies (also used for hedging). This wouldn't be doable for everyone but in an investors/traders life occasions will present that if you have the correct mindset you can really make great FX trades. One of my greatest trades was back in 08 when GBP/USD (cable) was 2.1, at that time I had a large amount of GBP (well over 6 figures) and started scaling in buying the dollar at 1.9 all the way up to 2.1 till I run out of GBP. Within a few weeks cable had its biggest weekly fall in 20 years. The mindset I had was at 2.1 it's a gift. Now since the events of Brexit I have been scaling in the other direction and into precious metals (50%v50%) which I now see as today's gift. Only time will tell if I'm correct. YouTube Video
The Manager, Fidelibus Lucrum, Pooled Investment Club.