Currency hedging

[viciam]

Hi all,

Does anyone here use foreign currency contracts to hedge against fluctuating currency rates? Like futures or forward contracts?

Just need some opinions if you don't mind me picking your brain please

 

[prawn_86]

Unless you are doing large volumes, and preferably through a company (not individual) you would be unlikely to find a counter-party for a forward contract.

You might be best off just hedging via a trading platform like Oanda. IE buy X amount of XYZ currency that you wish to hedge, up to the value you want to hedge

 

[viciam]

Thank you