Hi Skipperx,
I really appreciate your input. We have seen some drastic fluctuations the last few months and it’s been hard to handle.
No I did not previously have any forward currency positions.
Primarily because I did not have sufficient capital to do so and secondly because the amount I was importing was not justifying making such a move. However now things have changed and both the amount I am importing has increased and so has my available capital – so I have begun looking into taking some forward positions.
My only concern is that although I get a stabilized rate I lose the possibly of upward gains and I have hoped that our currency would be more closely in keeping with our current account/terms of trade rather than interest rates due the continued high rates we have compared to most other countries.
However I am very new to the forex markets so I am still learning. Unfortunately it is a painful learning curve! :-)
- Forums
- Forex
- some opinions please
Hi Skipperx, I really appreciate your input. We have seen some...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUD (FOREX) to my watchlist
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO & MD
Anthony Noble
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online