Newbie question

M

madeitbc

I have understanding of options, but I do not want to trade it daily or even weekly. But as a newbie I do have one question that I am looking for an ideas. I have put some money into USA dollars, from Canada in 2011. Since that time the Canadian dollar has fallen 34% against the USA Greenback. I do not want to bring my money back for another 2 years, but I want to protect my 34% gain.

What position or trade does anyone think I should take to protect this position?

Thanks for your help beforehand
 
  • Risk free trade would to buy CAD today, that will lock in your 34% gain.
  • What happens in the next two years? CAD could go up, it could go down.
  • Look into FXC options for high risk/reward trades.



:)
 
madeitbc said:
I have understanding of options, but I do not want to trade it daily or even weekly. But as a newbie I do have one question that I am looking for an ideas. I have put some money into USA dollars, from Canada in 2011. Since that time the Canadian dollar has fallen 34% against the USA Greenback. I do not want to bring my money back for another 2 years, but I want to protect my 34% gain.

What position or trade does anyone think I should take to protect this position?

Thanks for your help beforehand
More...

Switch it to Gold
 
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