I understand that alot of people in here are trading forex over very short amounts of time and use the leverage system which only requires small movements in order to make a gain/loss.
I am interested in investing roughly $5k of my Aussie dollars in US dollars for a long term position (2 years+). ie buying US dollars while the aussie is so strong.
Other than merely going to the bank and ordering $5k worth of US dollars, do I have any other options?
Would it be possible to open a US bank account so I could also earn interest on the money?
I really don't know what options I have so any advice is appreciated!