|
|
|
|
||||
|
Welcome to the GoFuckYourself.com - Adult Webmaster Forum forums. You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact us. |
 |
|
|||||||
| Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
|
|
Thread Tools |
04-16-2004, 07:37 AM
|
#1 |
|
Confirmed User
Join Date: Jan 2003
Location: Canada
Posts: 631
|
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. |
|
|
|
04-16-2004, 08:52 AM
|
#2 |
|
Confirmed User
Join Date: Jan 2003
Location: Canada
Posts: 631
|
bump
|
|
|
|
|
04-16-2004, 09:01 AM
|
#3 |
|
Confirmed User
Join Date: Feb 2004
Location: ProfitLand
Posts: 1,061
|
send me your money - i will safe keep it through this currency crisis
__________________
ICQ: 189153 
|
|
|
|
|
04-16-2004, 09:19 AM
|
#4 | |
|
So Fucking Banned
Join Date: Feb 2004
Location: ICQ : 207880728
Posts: 4,307
|
Quote:
send to me  hehehhee |
|
|
|
|
|
04-16-2004, 10:24 AM
|
#5 | |
|
Too lazy to set a custom title
Industry Role:
Join Date: Apr 2003
Location: World
Posts: 31,030
|
Quote:
__________________
|
|
|
|
|
|
04-16-2004, 11:20 AM
|
#6 |
|
Confirmed User
Join Date: Jan 2003
Location: Canada
Posts: 631
|
ok... any real answers?
if you are making significant u.s. $ and you are not doing it... you may want to consider it. |
|
|
|
|
04-16-2004, 11:42 AM
|
#7 |
|
Confirmed User
Join Date: Mar 2003
Location: Toronto, Ontario
Posts: 4,402
|
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 $. I recommend you do not hedge. 
__________________
Paul |
|
|
|
|
04-16-2004, 12:00 PM
|
#8 |
|
Confirmed User
Join Date: Jan 2003
Location: Canada
Posts: 631
|
"I guess a regular cash flow from a web site is close enough."
- Ya think? "But currently, I see the CAN$ 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. |
|
|
|
|
04-16-2004, 12:05 PM
|
#9 | |
|
Confirmed User
Join Date: Mar 2003
Location: Toronto, Ontario
Posts: 4,402
|
Quote:
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 |
|
|
|
|
|
04-16-2004, 12:09 PM
|
#10 | |
|
Confirmed User
Join Date: Jan 2003
Location: Canada
Posts: 631
|
Quote:
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. |
|
|
|
|
|
04-16-2004, 12:21 PM
|
#11 | |
|
Confirmed User
Join Date: Mar 2003
Location: Toronto, Ontario
Posts: 4,402
|
Quote:
Check these guys out http://www.refco.ca/
__________________
Paul |
|
|
|
|
|
04-16-2004, 12:39 PM
|
#12 |
|
Confirmed User
Join Date: Jun 2003
Posts: 453
|
xe.com ?
|
|
|
|
