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10-31-2007, 02:31 PM
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Greenhorn
Join Date: Jul 2006
Posts: 10
Rep Power: 0  |
Does anyone know an online Forex broker that allows simultaneous buying & selling of a same currency pair?
They usually call this hedging a currency pair<br />
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10-31-2007, 02:31 PM
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#2 |
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Piggy Bank
Join Date: Jul 2006
Posts: 55
Rep Power: 6 |
Does anyone know an online Forex broker that allows simultaneous buying & selling of a same currency pair?
I enter nothing but hedge positions with both Interbank FX and GFT.
You can also place conservative hedge positions when you buy two currency pairs at the same time such as the USD/CHF and the GBP/USD. This can pay you a net positive interest each day and as a general rule, the two pairs tend to move in opposing directions with each other. Keep in mind though, that the forex market sometimes has a mind of its own and you should never participate without fully understanding and accepting the inherent risks. Hedge trading is a very intriguing way to participate in the Forex market and very few people actually understand the benefits. Good luck. Paul |
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10-31-2007, 02:31 PM
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#3 |
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Greenhorn
Join Date: Aug 2006
Age: 46
Posts: 7
Rep Power: 0 |
Does anyone know an online Forex broker that allows simultaneous buying & selling of a same currency pair?
Most forex brokers (market makers) do these days. This includes www.fxcm.com, www.fxsol.com, www.ibfx.com and several others. There are major differences between the the above brokers like margin, spread, etc . that can be crucial to your trading success so if you want more specific onfo please pop me a line.
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