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mmont · 13-09-2006, 10:49

1. Say we want to go long in AUDJPY
we are buying AUDUSD and USDJPY, this means we are long in AUDJPY.

FXTRADER777
You are wrong.

How the AUD or the JPY moves against the USD is not necessarily how the AUD will move against the JPY.

So if your position is based on a signal for AUDJPY you will, more then likly, be sorely disapointed with your USD positions.

13-09-2006, 10:49	#3
mmont level 2 Join Date: Sep 2005 Posts: 99 Downloads: 0 Uploads: 0 Rep Power: 3	Re: Beating the spread 1. Say we want to go long in AUDJPY we are buying AUDUSD and USDJPY, this means we are long in AUDJPY. FXTRADER777 You are wrong. How the AUD or the JPY moves against the USD is not necessarily how the AUD will move against the JPY. So if your position is based on a signal for AUDJPY you will, more then likly, be sorely disapointed with your USD positions.