Hello,
I am a relative newbie to forex and learning so much from this site. I am limited mostly to stocks and have done quite well for myself. Learning to trade is my primary business as it stands right now (whilst being a student). However, I have a question which I hope someone could give me a little advice. It is not a trade but just a little advice in the general arena.
If a business has dealings overseas and payments will be made mostly in USD. With the position of the AUD as it stands currently I may be exposed to the fluctuations as these deals take a while to process. Many banks are able to hedge the position for me but is it feasible for someone like myself to hedge it say by shorting the AUD? Amount would be around the 200K mark for each deal?
Thanks in advance
I am a relative newbie to forex and learning so much from this site. I am limited mostly to stocks and have done quite well for myself. Learning to trade is my primary business as it stands right now (whilst being a student). However, I have a question which I hope someone could give me a little advice. It is not a trade but just a little advice in the general arena.
If a business has dealings overseas and payments will be made mostly in USD. With the position of the AUD as it stands currently I may be exposed to the fluctuations as these deals take a while to process. Many banks are able to hedge the position for me but is it feasible for someone like myself to hedge it say by shorting the AUD? Amount would be around the 200K mark for each deal?
Thanks in advance