Thanks mulisko, I'm currently with TDW and iTrade.
With iTrade, I pay $30/quarter for the "US-Friendly" account
which:
keeps the USD/CAD exchange fixed for all trades in a given day
(setting it after the market closes) -- which works well *only* if
you close out all your trades every day
uses the same USD/CAD exchange rate on buys and sells (i.e. no
spread).
However as soon as a trade continues past the end of the initial
day, I'm back into playing roulette with the currency
movements.
And iTrade's real-time P/L figures (in FlightDesk) don't use the
fixed rate when showing the P/L of a given stock. I've had
several times where FlightDesk shows a CAD profit when I sell, but
it settles as a loss two days later.
For some reason, I rarely seem to be holding stocks when the
exchange rate moves in my favour.
This Spring, I suffered a 40% drawdown on a huge position (yes,
I know, the dangers of using fundaments-only rather than technical
indicators). Half that loss (20%!) was due to how far the
USD/CAD exchange rate had changed since I bought the stock 6 years
earlier (turned a 6-bagger into a 4-bagger).
The problem with buying just Canadian stocks/ETFs is the lack of
sites (like this) that provide good technical analysis on
them....
Has anyone found a good source for Canadian technical
analysis?
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Thanks mulisko, I'm currently with
How do Canadians hedge USD/CAD fluctuations within RRSPs?
Posted by rojoch on 6th of Jan 2017 at 05:08 pm
Thanks mulisko, I'm currently with TDW and iTrade.
With iTrade, I pay $30/quarter for the "US-Friendly" account which:
However as soon as a trade continues past the end of the initial day, I'm back into playing roulette with the currency movements.
And iTrade's real-time P/L figures (in FlightDesk) don't use the fixed rate when showing the P/L of a given stock. I've had several times where FlightDesk shows a CAD profit when I sell, but it settles as a loss two days later.
For some reason, I rarely seem to be holding stocks when the exchange rate moves in my favour.
This Spring, I suffered a 40% drawdown on a huge position (yes, I know, the dangers of using fundaments-only rather than technical indicators). Half that loss (20%!) was due to how far the USD/CAD exchange rate had changed since I bought the stock 6 years earlier (turned a 6-bagger into a 4-bagger).
The problem with buying just Canadian stocks/ETFs is the lack of sites (like this) that provide good technical analysis on them....
Has anyone found a good source for Canadian technical analysis?