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Originally Posted by Jermyzy
Can somebody give me a quick summary how FAZ works? Basically if financial shares goes up, FAZ goes down and vice-versa? So basically buying FAZ you're banking (pun intended) that financial shares will go down? How does that make the price of the stock go up though? :confused
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FAZ and FAS are ETFs (3x bear/bull exchange traded funds respectively) their goal is mirror the movement of the banking sector by 3x
Would not recommend beginners/those who can't monitor the price action/news playing them, you're gonna blow your account.