Your business is doing well, and you and your partner are investigating the foreign market. Initially, you will not establish any offshore business locations; however, you will use e-commerce to make international sales. Recently you have been seen several articles that mentioned foreign exchange (FOREX) risks. As a start to understanding international business decided to focus on the following initial activity:

Analyze the three major types of FOREX risks. Because of this initial investigation, you and your partner can make an informed decision about the relevancy of the identified FOREX risks to your proposed international e-commerce business segment. This is a good thing because you do not want to spend time and money developing a hedging strategy for risks that do not exist, and your FOREX risk analysis is the major information source used to inform your decision.

You are going to create an initial discussion post that address the following:

• Risks must be specifically defined and you focus must be on FOREX risks.
• Think about the relevance of the FOREX risks identified to your proposed e-commerce business. Do any of the identified risks require mitigation strategies?
• Offer a link or a video to substantiate your response and inform your colleagues.