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How to eliminate currency risk in portfolio?

  #1 (permalink)

copenhagen
 
Trading Experience: Beginner
Platform: ninjatrader
Favorite Futures: ES
 
Posts: 88 since Jun 2013
Thanks: 8 given, 41 received

How to eliminate currency risk in portfolio?

Hi
About a year ago I transfered most of my money to Interactive Brokers and changed from my danish currency to USD. Since then the dollar have risen quite a bit compared to the danish kronem which is tied to the euro. How do I lock in this gain, while still being able to keep my dollars?
Do I buy the equal dollar amount in euros and thereby is being hedged? And what willl that cost in comissions and other expences?

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