Thread: Usd / try

Hi,

i have been invested some 100000 usd which were converted into Turkish TRY in June at 1.64.
now its 1.86 and i am thinking about buying bonds until July 2012 with KFW Germany which are government protected
at least.

im just wondering if the TRY is not a little too low these days. economy in Turkey is not bad, actually it is good. Getting
6 % on the investment.

Where do you people see the TRY vs the USD in the next 6 month. i know you are not a fortuneteller, but i would like to hear your opinion.

best regards
Sixpenny

nobody with ideas and suggestions?

hopefully I could answer your question, from my personal experience and the lessons from the seasoned trader, just stick to your strategy, don't focus on the currency issues, widen your eyesight, buying at the low price while selling at the higher price position, after some time's practice, you will be super familiar with the strategy.

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