PowerShares DB G10 Currency Harvest Fund (DBV)

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  • commenter
    rayhendon
    Jul 08 09:42 PM
    Finding Your Comfort Zone with Currency Investing [view article]
    Hi, Les,
    I am not aware of much research on currency ETFs. They are probably too new to attract much attention from analysts. However, even if they were I would be skeptical of their opinions. I'm equally skeptical of my own. No one can do much of a reliable prediction in this type of market, in my opinion. Things can turn on a dime at the slightest quiver of a wind from any direction.

    I have read a book on trading currencies, and I thought it was fairly good. Remember, all we have are opinions, and currency trading (vs. investing) is not necessairly a teachable subject. The book I read is : Getting Started in Currency Trading by Michael Duane Archer. It is probably out of print, but I found a copy at Amazon. Also, there are a couple of authors who contribute to Seeking Alpha. Chen and Lieu (if my spelling is correct) are two you might check on.

    I would encourage you to approach this subject with the greatest caution, and consider, instead, currency investing--something like the carry trade. Trading is fast paced and will eat you up fast if you are not exceptionally able to cope with it. Few are!

    Good luck.

    Ray0     Reply
  • commenter
    Les Mitchell
    Jul 08 01:33 PM
    Finding Your Comfort Zone with Currency Investing [view article]
    Ray: Is there any good, reliable, non-biased research available (at a reasonable cost) for currency EFT's. I'm a novice and have been unsuccessful in my limited amout of trading experience, but would like to learn.

    Les     Reply
  • commenter
    sawgill
    Jul 07 05:56 PM
    Finding Your Comfort Zone with Currency Investing [view article]
    Thanks for this timely and comprehensive report! Reply
  • commenter
    rayhendon
    Jul 07 02:53 PM
    Finding Your Comfort Zone with Currency Investing [view article]
    I haven't been following CNY, since I detest most ETNs, and your report reaffirms my view on this instrument. I believe CYN is one of the ETNs that doesn't pay dividends, so the interest income, if any (and the Chinese Yuan is the last place I would go to earn interest) you will see only to the extent their forward contracts include any such accumulation. Apparently they are not. The reason for this, I believe, is that China pays less than 1% on their foreign deposits, so that precludes leaving any money there. But, even worse,the yuan is mostly traded through forward contracts which the providers "hope" will include some interest earnings. But, you can't prove that by me--especially with most ETNs.

    Also, even Wisdom Tree, whose yuan fund I like more than Van Eck's, only pays dividends on an annual basis--if I recall this correctly. China is not a good place to play the carry trade.

    I thank you for your post. Our readers need to know how these differences will affect them and their investments.

    Best wishes,

    Ray     Reply
  • commenter
    omsdds
    Jul 07 01:39 PM
    Finding Your Comfort Zone with Currency Investing [view article]
    Ray,
    I bought CNY on 4/17 @40.11 and it is now 39.78 RatesFX yuan value for 4/17 was 7.18812 and on 7/04 was 6.86425 The yuan has appreciated 4.51% while the ETN has depreciated 0.82% Very poor correlation between cash and ETN     Reply
  • commenter
    Georgey
    Jul 07 12:40 PM
    Six Ways to Trade Foreign Currencies [view article]
    CNY ive held since initial offering and its basically flat while my everbank renembi account so far increases about 1% a month .
    Wish I could explain or better wish Van Eck could. Market nerves about backer Morgan Stanley ?     Reply
  • commenter
    rayhendon
    Jul 07 09:47 AM
    Finding Your Comfort Zone with Currency Investing [view article]
    For ETFs the providers list their assets under management on a daily basis. For ETNs they list the indicative value, which is the last price per share times the number of shares outstanding.

    Best wishes,

    Ray     Reply
  • commenter
    MattFS218
    Jul 07 09:32 AM
    My Website
    Finding Your Comfort Zone with Currency Investing [view article]
    I'm curious as to how you got the asset amounts for the tables above. Since these are ETFs, can one take the current Market Cap as total assets? Reply
  • commenter
    davidp
    Jun 27 07:47 PM
    Six Ways to Trade Foreign Currencies [view article]
    I'm an ETF newbie, but I expected that ETF would report income/gains on 1099's, not K-1's. Can people with more experience comment on which they are getting? Is there a difference between ETF's and ETN's?

    --Dave
     Reply
  • commenter
    rayhendon
    Jun 27 10:44 AM
    Currency Counter-Cyclicality [view article]
    elobrate what? Reply
  • commenter
    User 96254
    Jun 26 09:48 PM
    Currency Counter-Cyclicality [view article]
    please elobrate Reply
  • commenter
    Dividend
    Growth
    Investor
    Jun 23 08:37 PM
    My Website
    Top 10 Currency Trading Tips From Deutsche Bank [view article]
    I like tip #4- Manage Risk. Being a long-term investor in stocks I have always experimented about different techniques in managing risk. And most of it I have learned from books about commodity and currency futures. Reply
  • commenter
    mark mchugh
    Jun 23 07:25 PM
    The Burden of the Carry Trade [view article]
    thanks ray.

    I don't look for a fast turnover, but I hate the anxiety of being under water on anything. I agree with you about the FXA, almost went into that big last fall. What scares me away is, I can't "feel" the Australian economy. I'm sure you know, we've been experiencing a pretty big gap between rhetoric and reality.

    I'm glad to see someone writing on currency trading from experience. Please keep it up.

    thanks again     Reply
  • commenter
    Forex
    Funnel
    Review
    Jun 23 12:12 PM
    My Website
    Strategies for Currency Investors [view article]
    Hey Ray. thanks for the brilliant article, i've been trying to learn about this stuff for the last few months and this has been a big help. Reply
  • commenter
    Faster
    Trader
    Jun 21 01:29 PM
    My Website
    Top 10 Currency Trading Tips From Deutsche Bank [view article]
    Golden rule number one: Throw out all the 10 tips presented here in this article.

    Advancement in currency trading comes from yourself, not from these 10 tips.

    At best, these only scratch the surface .05%. It's an ad from Deutsche Bank to get you to use their trading platform: Meaningless and useless trading principles.     Reply

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