Postman
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Mon Sep-17-07 12:18 PM
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How would I purchase Euro's through Ameritrade? |
Sock Puppet
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Mon Sep-17-07 12:20 PM
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Postman
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Mon Sep-17-07 12:22 PM
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apnu
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Mon Sep-17-07 12:22 PM
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3. I would use someone else, Ameritrade was hacked |
MazeRat7
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Mon Sep-17-07 12:33 PM
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4. Currencies are traded in the futures markets... |
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I don't trade futures so I can't help more than that. I know they are available from my service (which is not Ameritrade). Also, you might be able to trade against a Euro Index.. that would take some additional research as well. I know there are two Dow Jones EURO indexes ( http://www.dj.com/Pressroom/PressReleases/Other/US/2005/0913_US_DowJonesIndexes_2203.htm ). Sorry I could not be more helpful... MZr7
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TreasonousBastard
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Mon Sep-17-07 01:05 PM
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5. You wanna buy 'em to use, hedge, or trade 'em? You can... |
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buy them from any large bank, or you can open a Euro account at various European banks, often through their US branches.
To get past the fees and get them cheap, you have to have a lot of money and know "people." Same if you want to trade on the currency exchanges.
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LSK
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Mon Sep-17-07 01:07 PM
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Someone brought me back some from a vacation. Im gonna be rich now!!!
:D
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nealmhughes
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Mon Sep-17-07 01:32 PM
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7. Why in the world would you want to buy Euros with dollars right now? |
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The smart thing to do would to buy dollars with Euros!
You can buy futures, but that is way out of anything I know about. I just know how to go to the bank and change pounds into Euros or dollars and vice versa.
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John1956PA
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Mon Sep-17-07 01:35 PM
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8. In 2004, I established a market position in Euros through a Missouri Bank. |
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My value of my Euro account is not high enough to garner interest. So far, the investment has not panned out well because of the following reasons: (i) there has been no interest accrual; and (ii) at the time I made my purchase, the Euro had hit a record high against the dollar, and then it proceeded to lose ground. Also, when considering whether to set up a foreign currency account as I did when I made my investment in Euros, remember that the bank charges a commission of about 2.5% when you purchase, and then again when you convert back to dollars.
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DU
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Sun May 05th 2024, 01:37 AM
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