Whilst researching ETFs, I came accross BRZU – Direxion Daily MSCI Brazil Bull 2X Shares https://www.etf.com/BRZU#overview
I understand the concept of ETFs but this one is new to me: what is this ETF betting on? A rise in the markets and the rise is leveraged so potential profits (but also losses) are doubled? It says that it is not a longterm ETF so is this something you buy for one day only or what is the maximum time you would hold it?
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