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Veksler: 3 tips for trading the dollar
For investors who are looking how to position themselves in this current currency trading climate, Ken Veksler, Director at Accumen Management, has three pieces of advice:
1. Don't get too excited about the dollar. He doesn’t think the recent "good" data out of the US is going to last and won't paint a “rosy” picture in the grand scheme of things, so he’s not getting “all excited” about the US Dollar.
2. Buy Euro dollar protection on the upside. Ken explains the risk is that euro dollar will go higher as opposed to lower so for traders committed to a short position in the euro against the dollar who "don’t have deep pockets", it’s worthwhile buying protection to the upside.
3. Buy Volatility. This is because at the moment things are very quiet and the main theme this year 28-29 January.
Ken is a market professional with over 17 years experience dealing directly in the FX interbank markets.
Read more about Ken's predictions here:
http://www.tradingfloor.com/traders/ken-veksler
01:23 minutes
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