Currency ETFs .... EUO and YCS in particular .....

[md2324]

I have never heard of these two ETFs until today

They each have a " Short " attached to them , so would this basically be a way to go Short " the Stock " on the Euro or Yen , as a way to trade these currencies if you are Bearish on them ?

Since Shorting a stock outright can be risky, as well cost quite a bit in terms of Margin in order to sell a stock short ..... are these the alternatives .... Buy these stocks to play the downside move in the Euro and or Yen ?

I'm new to the whole , UltraShort and 3X type ETFs/funds
So any help on the subject is much appreciated

Thanks again - Michael

P.S.
I have attached a screenshot showing the EUO and YCS from the close of todays markets ( July 20th 2015 )

 

[aqtrader]

Since Shorting a stock outright can be risky, as well cost quite a bit in terms of Margin in order to sell a stock short ..... are these the alternatives .... Buy these stocks to play the downside move in the Euro and or Yen ?

Then, buy UUP

 

[Troy Bombardia]

You need leverage if you're going to play currencies. In most cases the price movement of a currency is too small to be really profitable. That's why the minimum leverage that most traders use is 5x or 10x. If you're looking for a non-leveraged currency ETF I suggest you take a look at the USD index etf.