Forex trading questions

[gooderpoker]

Can anyone help me answer some questions;
I know a few companies that do all business in USD but live in Canada so they have to convert their money.
I was wondering if you can exchange money on the forex by selling your USD for CAD cheaper than going to the bank and losing 3% or more.

I myself have to convert my USD to CAD and was looking into doing this.
would this work and would it be cheap? Is there risk? Whats the min i have to convert?


P.S i tried posting in the forex section but i didnt have permission

[Fintan]

It wont be cheap and unless your exchanging hunrdeds of thousnds or millions you wont actually save that much money.

Your best bet would to shop around and get a better rate from a local bank