I have just started using ameritrade online to trade stocks. How can I invest in the US dollar?

08/01/2010 by admin


I saw the rise today but how can I make an investment move on the dollar or any currency change for that matter using Ameritrade? NOTE: I am fairly new to trading. Thank you for your help.

I agree with your other answerer – ETF’s are the only way in a stock account.

You can also short the ETF’s on the Dollar pairs

FXB – British Pound
FXE – Euro
FXY – Yen
FXC – Canadian
FXA – Australian

3rd Q GDP in Britian showed they are still in recession, making the GBP a good short. But the Yen has broken a long-term uptrend and the canadian looks like it entered a death spiral today.


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6 Responses

  1. Noneya Bidness
    January 9th, 2010 at 3:09 am

    i wouldnt. the dollar is sinking fast.
    References :

  2. T D
    January 9th, 2010 at 3:53 am

    UUP- PowerShares DB US Dollar Index Bullish
    UDN- PowerShares DB US Dollar Index Bearish
    References :

  3. Brandon
    January 9th, 2010 at 4:16 am

    You can invest in the U.S. dollar by putting money in a U.S. money market, by holding cash, or by putting money in a bank.

    If you want to do this thru Ameritrade, simply do nothing when you send funds, and they will stay in U.S. cash.
    References :

  4. b2fnow
    January 9th, 2010 at 4:25 am

    I agree with your other answerer – ETF’s are the only way in a stock account.

    You can also short the ETF’s on the Dollar pairs
    FXB – British Pound
    FXE – Euro
    FXY – Yen
    FXC – Canadian
    FXA – Australian

    3rd Q GDP in Britian showed they are still in recession, making the GBP a good short. But the Yen has broken a long-term uptrend and the canadian looks like it entered a death spiral today.
    References :

  5. Kylash
    January 9th, 2010 at 5:14 am

    TD is exactly right, I would use ETFs.
    References :

  6. Max M
    January 9th, 2010 at 5:35 am

    Consult Ameritrade. Always refer any question to your broker. They’re there to help you.
    References :

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