What are the methods of dealing with foreign exchange risk ?

Answer 1

1. Buying forex contracts that offset your position. For example if you sell auto parts made in the US to France and the price is in Francs to be paid in 120 days, you buy an option put contract on Francs
2. Factor recieveables. When you get the above contact you sell it to a factor, ie you get paid in dollars right away.
3. Balance the risk, ie if you sell something to Francs then source something in Francs.

Answer 2

you are better off betting at the casinos..forex exchange is very risky put a stop loss order on your trade