Hi,
New to crypto trying to understand what happens to a token if the local AUD currency fluctuates to the USD ?
In stocks if the AUD goes up compared to the USD then I lose money when I sell back into my AUD bank account (assuming the stock price doesnt change)
Is crypto the same ? Do I lose money if the AUD goes up against the USD ?
In stocks I can buy a 'hedged' stock which takes out the currency change effect.
Is there anyway to do similar with a crypto token ie. like a 'hedged' token ?
(Im looking at buying paxgold)
Thankyou !
Grant
- Forums
- CFDs
- hedging re crypto ?
Hi,New to crypto trying to understand what happens to a token if...
Featured News
Featured News
The Watchlist
RML
RESOLUTION MINERALS LTD
Craig Lindsay, In-Country CEO
Craig Lindsay
In-Country CEO
SPONSORED BY The Market Online