Lego_Man
09-10-2009, 03:00 PM
Hi guys,
I trade with ASB securities and am currently 100% long.
Rather than liquidate a large portion of my holdings to hedge against a correction i'm considering having the ability to take short Index positions when i feel the urge.
Does anyone else use this strategy? Who do you use as your provider? I am thinking of an opening an account with CMC markets.
Also, i have some USD lying around which i dont want to take the hit on converting back to NZD and using as an opening deposit. Since i'm planning to trade USD Index Futures it would make sense for me to keep it in offshore currency. Would they accept this?
I trade with ASB securities and am currently 100% long.
Rather than liquidate a large portion of my holdings to hedge against a correction i'm considering having the ability to take short Index positions when i feel the urge.
Does anyone else use this strategy? Who do you use as your provider? I am thinking of an opening an account with CMC markets.
Also, i have some USD lying around which i dont want to take the hit on converting back to NZD and using as an opening deposit. Since i'm planning to trade USD Index Futures it would make sense for me to keep it in offshore currency. Would they accept this?