FOREX ETF funds

[plasma]

For longer term traders who want to take advantage of FOREX trends, consider holding FOREX ETF's in your account.

Rydex has several under their brand name Currenyshares

These now include:

* Canada Dollar FXC
* Australia FXA
* Swedish Krona FXS
* British Pound Sterling FXB
* Japanese Yen FXY
* Mexican Peso FXM
* Swiss Frank FXF

Since you are holding what amounts to cash, these pay a nominal yield (similar to a money market fund). But the reason to hold is the expectation that the value will move against the dollar.

If you know of any others, please post them.

[Alb]

The following may interest you too:

Australian Dollar
CurrencyShares Australian Dollar Trust (FXA)
ELEMENTS Australian Dollar (ADE)

Brazilian Real
WisdomTree Dreyfus Brazilian Real Fund ETF (BZF)

British Pound
CurrencyShares British Pound Sterling Trust (FXB)
ELEMENTS British Pound (EGB)
iPath GBP/USD Exchange Rate ETN (GBB)

Canadian Dollar
CurrencyShares Canadian Dollar Trust (FXC)
ELEMENTS Canadian Dollar (CUD)

Chinese Renminbi ("Yuan")
Market Vectors - Chinese Renminbi/USD ETN (CNY)
WisdomTree Dreyfus Chinese Yuan Fund ETF (CYB)

Euro
CurrencyShares Euro Trust (FXE)
ELEMENTS Euro (ERE)
WisdomTree Dreyfus Euro Fund ETF (EU)
iPath EUR/USD Exchange Rate ETN (ERO)

Indian Rupee
Market Vectors - Indian Rupee/USD ETN (INR)
WisdomTree Dreyfus Indian Rupee Fund (ICN)

Japanese Yen
CurrencyShares Japanese Yen Trust (FXY)
iPath JPY/USD Exchange Rate ETN (JYN)
WisdomTree Dreyfus Japanese Yen Fund ETF (JYF)

Mexican Peso
CurrencyShares Mexican Peso Trust (FXM)

Swedish Krona
CurrencyShares Swedish Krona Trust (FXS)

Swiss Franc
CurrencyShares Swiss Franc Trust (FXF)
ELEMENTS Swiss Franc (SZE)

[Konstantin]

Hi guys,

Thank you for the above info,i can't recall now, i even saw Russian ruble as well. I was looking for some alternative to unregulated retail forex:), i think currency ETFs are a way to go. One Qn: are they sold like stocks in 100 share increments,or like mutual funds,flexible, sorry for this newbie inquiry:)Can you recommend any decent source on ETF trading basics?


Thanks in advance

Good luck to everyone

[FibMaster]

You can find some ETF info here;
http://finance.yahoo.com/etf

Some are open-ended, some are closed, it depends...

The 100-lot may be a broker limitation. Most liquid stocks can be traded in smaller increments.

Note that these trade NY hours only, so not 24H like FOREX.

[Konstantin]

Appreciate it Neal!!!Already digging yahoo on this subject

[christian e]

I am glad you care about new members to your services,there was a question i met to ask you in the last trsi seminar,but due to my situation that were outside my control i came into the room late,however the ? is
What is the relationship b/w trsi overbought and oversold to 40 - 60 and 60 -40.if my trading time frame(60m or 30m against daily or 240m trend) trsi cross up within 0-35/40(oversold area} ,do i still consider that a buy even the trending time frame is crossing from above or below 60 to down?,i know this is against the rules of going long when it is below 40.but however when mkt are being OS or OB you expect some reaction to the opposite side.
Please can you let your answers reflect both the overbought and oversold.Reason for my ? is that,i have being made to understand that ,when oscilators hit the OS and OB area,it has know where else to turn to othe than to turn opposite direction,which implies that ,price must return back to value.how does this relate to the OS AND OB TRSI APPLICATION and considering the fact that TRSI is bounded between 0-100?

[FibMaster]

I am glad you care about new members to your services,there was a question i met to ask you in the last trsi seminar,but due to my situation that were outside my control i came into the room late,however the ? is
What is the relationship b/w trsi overbought and oversold to 40 - 60 and 60 -40.if my trading time frame(60m or 30m against daily or 240m trend) trsi cross up within 0-35/40(oversold area} ,do i still consider that a buy even the trending time frame is crossing from above or below 60 to down?,i know this is against the rules of going long when it is below 40.but however when mkt are being OS or OB you expect some reaction to the opposite side.
Please can you let your answers reflect both the overbought and oversold.Reason for my ? is that,i have being made to understand that ,when oscilators hit the OS and OB area,it has know where else to turn to othe than to turn opposite direction,which implies that ,price must return back to value.how does this relate to the OS AND OB TRSI APPLICATION and considering the fact that TRSI is bounded between 0-100?

TRSI overbought/oversold is at 25 and 75. 60/40 is a common occurrence, not dramatic at all.