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TOPIC: Strategy to protect exchange rate risk?
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tuckdaddy (User)
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graphgraph
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Strategy to protect exchange rate risk? 2 Months, 2 Weeks ago  
Hi, I'm a newbie to both options and Forex. But, I se the potential they offer and how FX Options could help me out. I was hoping to get the opinion of some experienced traders on how I should approach finding a strategy.

I'm self-employed and living in Germany, but paid in dollars. So I'm constanly buying Euros at the current exchange rate. Should I just buy puts each month on the EUI? Or is there a strategy I can use to generate income as well?

Thanks,
Tuck
 
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