Newbie question, protect a gain on the USA$
Topic: Newbie question, protect a gain on the USA$
I have slight 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