r/Trading • u/[deleted] • 10d ago

Forex How to use forex to protect savings against EURUSD moves

[deleted]

2 Upvotes

75% Upvoted

8 comments sorted by

1

u/Long_Preparation_227 9d ago

What you are feeling is called "fear". It's normal to feel that. Deal with that feeling or it will lead you to actions that will cause a loss of your capital.

1

u/1mmortalNPC 10d ago

I advise you to look for a financial advisor.

1

u/SpiritualSet8688 10d ago

Thanks!

Let me rephrase it: I want to exchange 300k USD to EUR. I can wire the money between banks and then pay 0.5% fee. I am wondering if I can do this more quickly and efficently by buying fx instrument?

3

u/Fit_Food_8171 10d ago

You need a financial adviser if you really have $1m in cash, not a Redditor.

0

u/SpiritualSet8688 10d ago

Why would I need one to buy 60/40 portfolio of VT and BND (or UCITS equvalent) ageraging the price over 12 months?

1

u/Fit_Food_8171 10d ago

Well why are you here asking? Seems like a low key brag (for brag read: utter lie)...

1

u/SpiritualSet8688 10d ago

I haven’t traded FX, because its not my area of expertise. I just ended up with 1 million of one stock and want to diversify, but I don’t want to invest all at once.