Hello to all,
I have inadvertently stumbled into Forex due to purchasing USD last week for a rock solid deal which has now fallen through. Now I have the options of A) selling now and losing £1K+ on exchange rate, or B) holding and selling on in the hope that the USD will rally against the GBP, bearing in mind that the funds I have tied up are also costing me money in interest.
I've worked out already that you need a crystal ball to say what will happen at the moment, but I would welcome anyone's views on short term market movement and what you would do in this situation.
Many thanks
Lindsey
PS I think I am starting to get a definite fascination with forex so i am off to read through other posts!
I have inadvertently stumbled into Forex due to purchasing USD last week for a rock solid deal which has now fallen through. Now I have the options of A) selling now and losing £1K+ on exchange rate, or B) holding and selling on in the hope that the USD will rally against the GBP, bearing in mind that the funds I have tied up are also costing me money in interest.
I've worked out already that you need a crystal ball to say what will happen at the moment, but I would welcome anyone's views on short term market movement and what you would do in this situation.
Many thanks
Lindsey
PS I think I am starting to get a definite fascination with forex so i am off to read through other posts!