re: Forex

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That brings us to the other point - if you believe in Poland's prospects you could instead of buying zlotys buy zloty-denominated bonds directly (since that's essentially what forex is) and/or other investments. It may be the better (and less expensive) play, but I don't know if that is true for an individual.

Not trying to blow cold water on the idea at all btw, just pointing out that there are multiple ways to bet on your idea and the zloty may or may not be the least expensive way to do so. Because just buying the currency in the long run really is just flipping a coin minus trading expenses.

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ok, well sticking with the Poland example then...

Say that at the core of this whole thing was a belief I had that the country's prospects are looking up in the future. If buying their currency isn't really the way to try to cash in on this future improvement in Poland's economy, what is?

You mentioned zloty-denominated bonds...do you know where I can find an example of such a thing? I am assuming this means a Polish savings bond, right?

I was looking at products on Vanguard, Schwab, and a couple of other sites and I can't find anything specific to individual countries. Would I rather just buy an index tracking fund for the particular country instead? Is there a US broker that offers products this narrowly tailored, or would I go with somebody out of London or Switzerland? Or is there another way I'm not thinking about? Again, keep in mind, I have plenty of years to see this sort of thing through

I know these are some broad questions, but the info given has been really helpful so far.