Log in to your account and head to your order menu.How to perform Norbert's Gambit with Questrade: In fact, this is the only brokerage in this article where you don't need multiple accounts to perform Norbert's Gambit. However, Questrade's ability to hold both the US Dollar and Canadian Dollar in the same account is a huge plus. With Norbert's Gambit on Questrade, it actually requires contacting customer service. Why do I need to perform Norbert's Gambit? However, stocks are much more volatile than the Horizons US Dollar Currency ETF, and there is also the likelihood you will pay commissions when buying, and selling. You can also use dual-listed Canadian stocks, for example Fortis, which trades on both the TSX and the NYSE. Wait 3-4 days for the trades to settle, and sell your DLR.U.TO shares for US Dollars.Journal your shares over to DLR.U.TO, which trades in US Dollars.Purchase DLR.TO, which trades in Canadian Dollars.In a nutshell, performing Norberts Gambit is very easy: There are a few ways to perform Norbert's Gambit, but the primary way is with a currency ETF called the Horizons US Dollar Currency ETF (TSE:DLR and TSE:DLR.U). Norbert's Gambit is a currency exchange strategy named after the advisor who first came up with it, Norbert Schlenker. All it does, is gets you US dollars for cheaper. The best part? Norbert's Gambit contains zero risks, especially if you follow this guide.
A "gambit" is a calculated move, particularly one that has a degree of risk to it.
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