Euro player : Good time to Cash out ? - Business, Finances and Investing Forum

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Euro player : Good time to Cash out ?

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10-23-2008 , 10:48 AM

DamienT

banned

Join Date: Mar 2008 Posts: 6,911

Hi,

I'm a Euro player and I would like to cash out about 6k$.

Do you think that I should wait or do it right now. (I'm not in a hurry so I can wait)

Thanks in advance

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10-23-2008 , 05:10 PM

DamienT

banned

Join Date: Mar 2008 Posts: 6,911

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10-25-2008 , 05:39 PM

DamienT

banned

Join Date: Mar 2008 Posts: 6,911

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10-25-2008 , 05:53 PM

Pokamon4e

journeyman

Join Date: Apr 2007 Posts: 341

There's no point in trying to time the currency movements if you want to cash out. Just do it. Why wait? You can't predict the future anyway (and neither can the other people on this board).

Basically you should cash out as soon as you have money online you don't need to play and invest or spend it. Why let it sit in a poker account without interest and proper regulation?

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10-25-2008 , 11:53 PM

ArturiusX

Carpal \'Tunnel

Join Date: Sep 2004 Posts: 19,114

Yeah its a great time as its going to get worse for the euro, everyone knows this, thus everyone is cashing out...

but wait, if everyone cashes out, that increases demand for the euro, thus the euro gets stronger vs the USD.... oh noes when do i cash out!!!!

the point of this stupid scenario was to illustrate the fact that public knowledge can't be transfered into future prediction, because of the nature of supply/demand. your best bet is too look at a historical chart and wait for a time where you're happy to cash out at. that's the best way to do it.

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10-26-2008 , 04:34 AM

DamienT

banned

Join Date: Mar 2008 Posts: 6,911

Ok, thanks a lot for your answers.

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10-26-2008 , 03:36 PM

donkeykong2

Pooh-Bah

Join Date: Jan 2007 Posts: 3,567

my impression is that the exchange rate is moving up and down in almost straight lines, so get out if there is a major swing towards the euro. im not very confident in this statement though it s mostly speculation

. purchasing price parity should be at around 1.2 dollar/Euro, so i guess that is the value the rate is going to oscillate around.

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