How do you invest in foreign currencies (ie. Euro,Japanese Yen, ect.)?

Question

I am very worried about the US dollar losing its value. I am interested in investing in foreign currencies at this time. Does anyone know how to invest in foreign currencies?

Can I go to a bank and invest in foreign currencies? I heard that UBS can but they do not have bank accounts.

Can anyone help me out?

Answer 1

Try an ETF:  Spead your risk with lower expenses

Foreign Currency ETFs: A Comparison

http://seekingalpha.com/article/19515-fo...

Answer 2

Some investors participate in the foreign exchange market thru what are called "Managed Forex Accounts".

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Answer 3

well  the best way would be to buy bonds and stocks in a foreign currency. don't just start stuffing euros and yens under your mattress. i know you can buy bonds through etrade for cheap.    your local bank would be happy to help you out for an exorbitant fee .....

Answer 4

Forex trading is so much easier when you're using an effective trading system (will run you $100 max).

What you do (and what I did) is make sure the trading system has a 60 day money back guarantee first; then make sure you can use a demo account. Use the demo account for 59 days and if you see you can make profit you keep the system and invest your real cash. If there's no profit to be made you get a refund; there's literally no risk when buying one.

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Answer 5

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Answer 6

U could be proactive about it and trade in forex market instead.

Considering that the dollar is falling, this would be a good time to sell the dollar and buy other currencies.

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