Foreign Currency

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  • Monk
    Confirmed User
    • Jan 2003
    • 631
    #1

    Foreign Currency

    Any of you Canadian webmasters done anything with foreign currency options in order to hedge your earnings against further declines in the US dollar?

    I need the name of a good broker that does this for individual investors.
    Tags: None
    • Monk
      Confirmed User
      • Jan 2003
      • 631
      #2
      bump

        Comment

        • ProfitPrograms
          Confirmed User
          • Feb 2004
          • 1061
          #3
          send me your money - i will safe keep it through this currency crisis

          ICQ: 189153

            Comment

            • Ar3s
              So Fucking Banned
              • Feb 2004
              • 4307
              #4
              Originally posted by ProfitPrograms
              send me your money - i will safe keep it through this currency crisis
              he will scam you bro..
              send to me

              hehehhee

                Comment

                • Lykos
                  Too lazy to set a custom title
                  • Apr 2003
                  • 31027
                  #5
                  Originally posted by ProfitPrograms
                  send me your money - i will safe keep it through this currency crisis
                  Haha,nice

                    Comment

                    • Monk
                      Confirmed User
                      • Jan 2003
                      • 631
                      #6
                      ok... any real answers?

                      if you are making significant u.s. $ and you are not doing it... you may want to consider it.

                        Comment

                        • Paul Waters
                          Confirmed User
                          • Mar 2003
                          • 4402
                          #7
                          Hedging is normally done when you are giving payment terms, and the bill is not due for, say, 90 days.

                          I guess a regular cash flow from a web site is close enough.

                          But currently, I see the CAN$ moving lower against the USD for the rest of the year.

                          The Bank of Canada just lowered rates, the Fed raised US rates, and our trade is suffering from the higher CAN $.

                          All point to a falling CAN $.

                          I recommend you do not hedge.



                          Paul

                            Comment

                            • Monk
                              Confirmed User
                              • Jan 2003
                              • 631
                              #8
                              "I guess a regular cash flow from a web site is close enough."
                              - Ya think?


                              "But currently, I see the CAN$ moving lower against the USD for the rest of the year."
                              - I actually think the USD will move higher for awhile as well... I will use technical analysis to let me know when the timing is right to initiate the hedge/option. What is your basis for saying the rest of the year?


                              "I recommend you do not hedge."
                              - Thanks but I wasn't asking for a recommendation on whether I should hedge or not.

                                Comment

                                • Paul Waters
                                  Confirmed User
                                  • Mar 2003
                                  • 4402
                                  #9
                                  Originally posted by Monk
                                  "I recommend you do not hedge."
                                  - Thanks but I wasn't asking for a recommendation on whether I should hedge or not.
                                  You can do this through your broker, or a bank.

                                  Do some research on currency futures. You will need to put some margin in a broker account. Fluctuations settle daily. You should win/loose in the opposite direction to how your cash flow is affected.


                                  Paul

                                    Comment

                                    • Monk
                                      Confirmed User
                                      • Jan 2003
                                      • 631
                                      #10
                                      Originally posted by Paul Waters


                                      You can do this through your broker, or a bank.

                                      Nope. I tried a few banks and a few brokers. There are specialty brokers that do this and that's what I am looking for.

                                        Comment

                                        • Paul Waters
                                          Confirmed User
                                          • Mar 2003
                                          • 4402
                                          #11
                                          Originally posted by Monk



                                          Nope. I tried a few banks and a few brokers. There are specialty brokers that do this and that's what I am looking for.
                                          Hmmm...

                                          Check these guys out

                                          http://www.refco.ca/



                                          Paul

                                            Comment

                                            • sirrobin
                                              Confirmed User
                                              • Jun 2003
                                              • 453
                                              #12
                                              xe.com ?
                                              SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

                                                Comment

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