A question received recently from a reader:
Dear Sir, I have been doing some research on my own and I wanted your opinion about a subject: The Iraq Dinar as an investment. While I understand that its value may raise or fall, do you think it is a good buy and hold investment? Currently, 250,000 in Dinar are being offered at various prices. All at less than $200 USD. Thank you for your time and cooperation.
First, we have these questions:
1. What would be the trigger for you to enter?
2. What would be the trigger for you to exit with a loss?
3. What would be the trigger for you to exit with a profit?
4. How much of this would you buy or sell given your particular account?
The bottom line? The Iraq Dinar is just another market and probably not yet one you can trust in terms of liquidity and transparency. But if you do have a market that you can trade, you better answer the questions above first, instead of seeking “opinions” from “gurus”.
Trend Following Products
Review trend following systems and training:
More info here.