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I would like to here from some Canadian traders out there and what they are doing about this CAD$ situation. Do you just convert your money as you make it? Every month? Do you just hedge? What kind of hedge do you put on? Do you just leave it in USD? I try and keep as much as I can in...

forget the analysis man. The mantra is market up, dollar down.. Market up, dollar down.

Investing in another country like Canada or Europe is great. Not only do you make positive return on the markets apreciation, you make the same amount on the dollar drop. Why go SPY? Invest in the EWC! up nearly 14% so far this year thanks to the dollar. US dollar 100% down room to go$$$$$$$

How much does this USD move suck for Canadian or European residents who trade US markets? I can't keep up with 6% losses a month in currency devaluation.. What are you guys doing to protect yourselves? I'd like to hedge but difficult to put on a hedge at these levels... Let's see what May...

Anybody doing anything to protect themselves from this massive unstoppable CAD rally that feels like it's been going on forever? What are we gonna do if this thing gets to par or worse??? Bouch

I had a high price accountant check out that stuff too and she told me you can't file as a business receiving the income since a corporation cannot be a member of an LLC. Since it's you receiving the income you have to declare it as ordinary income. How did you get around this? When we were...

Im mainly a US trader but live in Canada. I live on CAD$. I've been partly hedged the past few years the USD has dropped and it has saved me in the 6 digits. I don't consider it to be a hassle. What's the point of focusing on your trading when the value of the money you are making is going...

Well I checked with IB and if you open an account in $CAD and buy US stocks, they will convert the money to $USD to buy the stocks and then you can reconvert it back to $CAD once you get out of the position where you will lose the spread on the FX each time. So basically I am back where I started.

Wow thanks I didn't know that. And if I hold a position overnight do I get charged interest?

my acct doesnt. when i make $ in USD then it stays in USD until i decide to convert it to cad$ [/B] Yes but if ur not converting then ur exposed to the currency fluctuations.

They exchange currency everytime you buy a stock so if you're daytrading you're getting killed on the spread constantly.

Say you want to trade US stocks and live in Canada, do most of you just leave the money in $USD and stay exposed to movements in the $US/CDN? Personally I hedge my money with the futures but it's not really a perfect hedge since I have to pay taxes on my gains, or get to save taxes on my losses...