This question does not relate to short term forex trading for profit.
Rather I was wondering if anyone had some suggestions on a broker/bank/firm which would be able to provide forex hedging.
E.g. if I knew that I needed to go overseas to the US in 1 years time, and that I would need to transfer maybe 10,000AUD into USD at that time. However, I am worried that the USD/AUD rate might be lower at that time, so I want to lock in a rate now.
Could you talk to a commercial bank about taking out a forwards contract?
Would holding a long term CFD position using a CFD broker (igmarkets or whatever) work?
Any other better solutions?
Thanks for your help