Hedging for businesses: protect your margin, not just your revenue
A course for owners of companies exposed to exchange rates or commodity prices. You measure your exposure in MDL, write your hedging policy, and leave with a 90-day plan.
Who it is addressed to
The course is for your company, not for a general audience. We work on your numbers: the contracts, currencies and commodities your margin depends on. It is held one-on-one, with the owner or with the person who makes the decisions.
It is right for you if
- You pay suppliers in foreign currency but collect in MDL — or the other way around.
- You depend on the price of a commodity: grain, sunflower, diesel, energy.
- You have loans or leasing in foreign currency and interest rates move your budget.
- You quote prices months before payment and don't know what rate you will get.
- You have heard of forwards or futures but don't know where to start or what it costs.
It is not for you if
- You want to profit from exchange-rate moves — that is speculation, not hedging.
- You are looking for signals or want us to open positions on your company's behalf.
- You want to learn trading as a profession — then start with Trading Level 1.
- Your company has no exposure to currency or to the price of a commodity.
The four sessions
Each session produces a document that stays with the company. It is not theory to sit through, it is work on your numbers — which is why between sessions you fill in data from your accounting.
Diagnosis and measuring exposure
The three risks that hit your margin: currency, commodity prices, interest rates. We build your company's exposure map and read it in MDL — what a 3%, 5% or 10% move costs you. Before any instruments, we exhaust natural hedging, which costs nothing. Exposure map · Excel calculator · The proportion rule
The hedging policy and currency instruments
The policy comes before the instrument: what gets hedged, how much, over what horizon and who decides. Then the instruments — forwards, futures, options, swaps — explained through the problem each one solves. The local framework: what you get through your company's bank and what you get on the exchange. First demonstration on a demo account. The four decisions · Forwards · futures · options · Demo-account demonstration
Commodity price risk
How a commodity price gets hedged: standardized contracts, lots, expiries, margin. What can be hedged on the exchange and what cannot. The difference between your commodity and the reference contract, and why the hedge stays approximate. Exercises on the exposures from your map. Commodity contracts · Margin and expiries · The limits of hedging
Costs, framework and implementation
What hedging costs and how to compare the cost with the impact of not hedging. When hedging is not worth it — and how to write that decision down. What to ask your company's accountant. We close with the 90-day plan, filled in together: milestones, owners, deadlines. The cost of hedging · Questions for the accountant · 90-day plan
Hedging reduces uncertainty, it does not produce profit
The goal of hedging is not to win from the market, but to know in advance what it costs you. When the market moves in your company's favor, you give up part of the possible gain — that is the price of certainty. We teach you the method and give you the documents, but the decisions remain your company's.
We do not tell you what, when or how much to hedge, and we do not give signals. Personalized investment recommendations are a regulated service, reserved for authorized entities. We do not provide legal or tax advice — accounting and taxation questions go to your company's specialists, and the course shows you exactly what to ask them. The certificate of completion attests that you finished the course, not an officially recognized qualification.
How it works
Diagnosis
You fill in a questionnaire about the company before the start. The sessions are built on it.
4 sessions × 2 hours
One-on-one, online or at the office. Between sessions, real data from your accounting.
The company's documents
The exposure map, the hedging policy and the 90-day plan — all in writing.
Certificate
You receive the certificate of completion in your personal account.
Free check-in
At ~1 week, a short free conversation: are you applying what you set correctly?
A single format: built on your company
Why it is not held in groups
Every company has different contracts, different currencies and different commodities. The examples in the sessions are built on your numbers, and the exposure map and the policy cannot be written in a shared classroom. That is why the course is held one-on-one.
- One-on-one — with the owner or with the person who makes the decisions in the company. The accountant can join too, at no extra cost.
- Online or at the office — online is usually more convenient, with screen sharing. Office in the center of Chișinău, if you prefer face to face.
- We set the days together — usually one session per week, so you have time to gather the data from accounting.
Hedging for businesses
8 hours · 4 sessions × 2 hours · one-on-one · certificate of completion
The final price depends on how many exposures the company has and how complex the case is. We confirm it after the diagnosis questionnaire, before the first session. We invoice the company.
We work on your company's documentsEncrypted connection
The course is usually held online: we connect through our app, over an encrypted connection, and work in real time on the shared screen — in the exposure map, in the calculator, on the demo platform. Your company's data stays with you. If you prefer face to face, we meet at the office, in the center of Chișinău.
The company leaves with documents, not impressions
The exposure map
All the company's exposures, in MDL, with the impact of a price move. Filled in by you, verified together.
The hedging policy
A written document that says what gets hedged, how much, over what horizon and who decides. Signed by the company.
The exposure calculator (Excel)
The file stays with the company. You update it with every new contract, without calling us again.
The 90-day plan
Milestones with deadlines and owners — from the conversation with the accountant to the first hedging operation.
Certificate of completion
A document issued by the school attesting that you completed the course. It is not an officially recognized qualification, nor a trading license.
The free check-in consultation
At ~1 week after the course, we check together whether you are applying what you set correctly. At no cost.
What comes next for the company
The course ends with the 90-day plan. From there, the work belongs to the company — but you are not left alone with it.
Implementation, through regulated partners
Currency forward operations are usually obtained through your company's bank. Exchange-traded contracts on commodities and on the major currency pairs are accessed through regulated international brokers, and there we can help you with opening the account and with technical support. We do not trade on your company's behalf.
The free check-in consultation
About a week after the last session, we check whether the policy is being applied and whether the plan is moving forward. If gaps appear, we tell you which extra sessions would help — the decision remains yours.
Hedging is not a one-off operation, it is a process that repeats. The exposure map gets updated with every significant new contract, and the policy is reviewed periodically. As the company builds the routine, extra sessions become rare — and that is the goal, not a permanent relationship with us.
What business owners ask
No. The course starts from your business, not from the markets. The terms you need — forward, futures, margin, expiry — are explained along the way, through the problem each one solves.
No. Its purpose is to remove a variable that can destroy your margin, not to produce profit. When the market moves in your company's favor, you give up part of the possible gain — that is the price of certainty. Hedging reduces risk, it does not eliminate it.
Because the work depends on the company. A company with a single currency exposure needs less than one with three currencies, two commodities and loans. We confirm the final price after the diagnosis questionnaire, before the first session — not after we have started.
Not for the course. Demonstrations are done on a demo account, with virtual money. If your company's policy includes exchange-traded instruments, the real account comes after the course, in the implementation stage, through regulated brokers.
You fill in the diagnosis questionnaire: which currencies you collect and pay in, which commodities you depend on, what loans you have, rough volumes. The sessions are built on it. Between sessions you fill in real numbers from your accounting — without them, the examples stay generic.
Yes, at no extra cost, and it is often useful. The course does not replace accounting or tax advice, but it shows you exactly what questions to ask your accountant — and if they are in the session, the answers come faster.
No. We do not open positions on your company's behalf, we do not manage portfolios and we do not give signals. We teach the method, give you the documents and help you with access to regulated international brokers. The decisions and the execution remain the company's.
A document issued by our school attesting that you completed the course. It is not an officially recognized qualification, it is not a trading license and it does not replace a CNPF attestation.
Find out first what the risk costs you
The first conversation is free: we see whether your company has an exposure that justifies hedging. If it doesn't, we tell you so.
Trading.md provides financial education. We are not a broker and we are not authorized by CNPF for investment advice. We do not provide legal, accounting or tax advice. The course teaches risk-management methods and principles, not personalized recommendations to buy or sell a specific instrument. Financial instruments involve risk, and hedging reduces risk without eliminating it. Past results do not guarantee future results.