Re: Question regarding currency trading
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Barron, it sounds like he has the option of purchasing in the US or Canada as necessary. Would prices on either side of the border react quickly to currency changes? I suspect not, so he may be able to take advantage of his purchasing options and make active bets on the currency fluctuations rather than just using it as a hedge. He can then adjust spending habits to spend whichever currency is more advantageous to him at that time. What are your thoughts?
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well he could certainly do that. i was thinking defensive rather than offensive.
your way would definitely be profitable and i don't think he would have much to lose if he keeps lets say only 50% of anything "hedged" so to speak (in USD vs. in CAD)
good thought nomad, since that gives OP yet another way to maximize his purchasing power [common sense stuff all told]
Barron
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