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Hedging against base currency fluctuations

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Sweden
 
 
Posts: 7 since Sep 2012
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Hedging against base currency fluctuations

I live in Sweden and canīt use the krona for my base currency at most of the brokers out there. If I use USD as base and the krona strenghten during the time I trade I have a problem when it comes to a longer timescale. I am thinking that a hedge is the best way to avoid loses in in fluctuations between my base currency and broker account currency. For example. If I use USD as base I am long USD as long I have the account. Should I then short the USD against the krona for the same amount that is in my acount to avoid getting trapped if the krona strenghtens? Or am I thinking the wrong way about this?

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