Tuesday, February 26, 2008

Canadian Dollar Update



Yesterday I posted my reasons as to why I was turning bullish on the Canadian Dollar and today we say a nice move up. I got long this currency this morning and my protective stop is right below point 3. We'll see what happens.

3 comments:

Anonymous said...

kevin, I've read in your earlier posts on CAD that you don't like FXC because it's too thinly traded so how
do you trade this? thanks.

Kevin said...

FXC is one way to trade the Canadian Dollar but you may find it difficult to get a good fill because it is such a thinly traded market. Another way to trade the C-Dollar is to simply open a forex account and trade the cash currency.

Anything-Goes said...

or a futures account and trade the CAD/USD $.

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