View Whole Thread
Thread: Make money by trading 'Currency Ring'
View Single Post
  #7 (permalink)  
Old 10-26-2009, 12:19 PM
scorpion's Avatar
scorpion scorpion is online now
Forex Guru
  
Join Date: Aug 2004
Posts: 2,119
Thanks: 213
Thanked 387 Times in 155 Posts
scorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to beholdscorpion is a splendid one to behold
Default
This kind of trade could be best used to work around the NFA's thoughtless FIFO rules. Says if you want to hedge your EUR/USD position, you can open another position of EUR/AUD and AUD/USD to offset.

But this could be an ugly hedge. It's probably costly in long term.

By the way, NFA is becoming a communist organization now.
__________________
Make easy pips with the Advanced Economic Calendar for Forex Trading.
Reply With Quote
Read Full Version of This Topic!

Registered members have access to special online forex currency trading tools, software, mt4 expert advisors and indicators. Register now