Properly Educated Personnel

Qualified staff is necessary to manage hedging processes, particularly for hedging future transactions and engaging in speculative trading. When your company is considering whether to hedge future foreign currency transactions, proper validation of the forecasted foreign currency exposures requires good judgement and investigation skills. Your staff must be qualified and trained to identify and manage these exposures effectively.
Speculative forex transactions carry a higher than average degree of risk, and forex speculation is not a recommended activity for companies (unless it is the prime focus of their business). If your company decides to trade foreign currencies speculatively, be aware of the risks. For example, in addition to the normal volatility, risk can also be associated with factors such as changes in a country's political condition, economic climate, or acts of nature, all of which may substantially affect the price or availability of a given currency. You must, therefore, carefully consider your investment objectives, level of experience, and appetite for such risk prior to entering this speculative market. Most importantly, do not invest money that your company is not in a position to lose.