Forex Purchasing/Investments

[BlockingThePass]

Hi

By any chance do you guys know which application or website that can used to buy forex.

Looking at the Turkish Lira/Other Currencies Also.

I have tried the following
FNB Global Account
Standard Bank Shyft

 

[BlockingThePass]

Hi

By any chance do you guys know which application or website that can used to buy forex that prefably grows intrest

Looking at the Turkish Lira/Other Currencies Also.

I have tried the following
FNB Global Account
Standard Bank Shyft

I guess no one knows

 

[SafariTin]

I'm confused as to why interest matters? Surely if you're buying currency you are buying as you either believe that the ZAR will devalue or that the other currency will increase in value. Then the interest should hopefully be a minute amount of the growth.

If you are buying to actively trade / speculate then interest doesn't matter as you won't hold your positions long.

In either case, why? If you are looking to invest for the long term, then why not just use ETF's with World exposure as per your Easy Equities thread?

 

[BlockingThePass]

I'm confused as to why interest matters? Surely if you're buying currency you are buying as you either believe that the ZAR will devalue or that the other currency will increase in value. Then the interest should hopefully be a minute amount of the growth.

If you are buying to actively trade / speculate then interest doesn't matter as you won't hold your positions long.

In either case, why? If you are looking to invest for the long term, then why not just use ETF's with World exposure as per your Easy Equities thread?

Didn't really need intrest.
Wanted to buy and stock it up like how fnb has the global card.

 

[SafariTin]

Didn't really need intrest.
Wanted to buy and stock it up like how fnb has the global card.

Sorry, to ask this again, but why? I really want to understand your logic so I can debate it with you. Why buy Turkish Lira and stock it up? For how long? And why do you think it would give better returns than buying the Ashburton Global 1200 ETF or the MSCI World?

 

[BlockingThePass]

Sorry, to ask this again, but why? I really want to understand your logic so I can debate it with you. Why buy Turkish Lira and stock it up? For how long? And why do you think it would give better returns than buying the Ashburton Global 1200 ETF or the MSCI World?

Stock up forex for holidays etc
I already have with Ashburton unit trust etc so want to explore other options.

 

[Jola]

... buying the Ashburton Global 1200 ETF or the MSCI World?

As an aside, how do you invest in those ?

 

[BlockingThePass]

As an aside, how do you invest in those ?

I only do easy Equities majority comes from Sanlam and fnb discovery etc a little messed up portfolio

 

[SafariTin]

As an aside, how do you invest in those ?

Probably by opening a brokerage account. There are other ways, but I think everyone that has money to invest should have a brokerage account. Mine is with FNB, a lot of people here advocate for Easy Equities.

 

[SafariTin]

On the way home I was thinking that you could probably look at Satrix NOW too - but it has limitations.

 

[BlockingThePass]

On the way home I was thinking that you could probably look at Satrix NOW too - but it has limitations.

Was looking for something where by I can transfer monthly not actually looking for any more debit orders