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I would like to bet against a currency, I have USD. for example: how can I bet against the EUR?

Unfortunately when I try to SELL (short) EUR with my broker - I am not allowed to. Are there other ways I can accomplish this?

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  • "when I try to SELL (short) EUR with my broker - I am not allowed to" -- did they give you a reason? Do you have a margin account?
    – 0xFEE1DEAD
    Feb 22, 2023 at 13:49
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    At my broker I have access to some currency pair ETFs (e.g. an ETF that is Long USD Short EUR), so you could see if you have that option.
    – user253751
    Feb 23, 2023 at 0:51

3 Answers 3

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Get a loan denominated in EUR.

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A margin account should allow short-selling of FXE.

Otherwise a long position can be bought in a 2x inverse ETF of EUO.

Also on the stock market, there is a dollar bull ETF of UUP.

Many currency traders use leveraged accounts of futures accounts or of retail forex accounts. Futures positions have contango or backwardation while forex positions adjust to the spot price and pay or charge rollover interest.

With a futures account, just sell a Euro contract. With retail forex, just sell the EUR/USD currency pair .

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  • Thanks! If I would like to sell the Euro futures contract, how can I tell if it is priced reasonably? Do I need to notice what type of order to make? LIMIT / MARKET Feb 23, 2023 at 9:49
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If you can't trade FX directly, you could consider buying puts/selling calls on FXE or trading the ETF directly.

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