What is a good way to hedge currency risk?

cesfx said:
It can be confusing at first but you can organise a basket of currencies depending on your need. Costs are the same or similar to an FX trade.
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The options are a lot and it is quite difficult to understand the implication of all. it is matter of getting used to different tools and solution. I will make some test on the paper trading account and if cost are similar I will go for the simpler solution
 
I've made a little test in sym: I've converted all my funds in USD, open a stock position grater than my funds (+-10%) and tried to see difference when hedging with the Future or Virtual FX

So far I noticed:

Costs:
- Future: buying 1 contract of M6E @MKT cost 0.33 EUR
- VFX: Commission on Virtual FX 12k (odd lot) @MKT 2.5 EUR

Account balances:
- Future: OF you have less Available Funds, and higher Marign
- Virtual FX : you have more funds but you have a negative USD total cash (I guess on that you have to pay margin loan ???)
 
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