First thing first

[Dunkiemon777]

I am new to trading and to this forum. Here is my question:

If the dollar is going up do I buy is or sell it? I know it might be a silly question to alot of you, but I need help.

Thanks 🙂

 

[Victor90]

Buy it! =)
However, i belive you base this on what it says in the news? When its in the pappers news is already old for the market. I belive the reason USD have gained is becuse the market is waiting for the world to follow US and cut the intrest rate. And I belive that buying the USD now only becuse this is a risky thing to do since, in my opinion, the USD will continue down relative to other currencys after the rate cuts (if there will be any). So in my opinion this is a temporary rally, but i can be wrong! =)
Good Luck!

 

[graemenash]

I am new to trading and to this forum. Here is my question:

If the dollar is going up do I buy is or sell it? I know it might be a silly question to alot of you, but I need help.

Thanks 🙂

If you think the USD is going up, then you buy it. The thing is that in order to do that you might need to sell a currency pair 🙂

i.e if you think USD is going up, you might sell GBPUSD - you sell when you think a market is going down and if GBPUSD goes down, that means the USD is strengthening against the GBP...