Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Hank who wrote (12407)	8/5/1998 9:30:00 AM
From: Graeme Smith	Read Replies (1) of 18691

To anyone, Does anyone here have experience in trading currencies. My next contract is going to be paid for in British pounds. This is not good as it is expected that the English pound will drop sometime later this year. As a hedge I am interested in the possibility of buying futures against the pound. Unfortunately I know absolutely nothing about currency trading. How do I trade currencies. Would I need a full service broker like Merril Lynch. Can I bet against ( ie go short) a single currency. Can I bet very small amounts. All I would like to do is hedge currency futures against at most 50,000 sterling. Graeme

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