What are the benefits of opening two trades using different currency pairs?
Thursday, March 26th, 2009 at
3:12 pm
Comments (2)
tjcsonofallnations asked:
Let’s assume that you use a limit order on both trades of 5 pips. Once one closes you wait for the other to go closer to 0 then reenter the trade. Again set 2 limit orders for 5 pips each. Once this one goes off you will have 10 pips and 1 negative trade left open. At some point you can subtract your closed trades from your open negative trade for a profit. As long as the two currency pairs move in opposite directions you will make money, right?
Let’s assume that you use a limit order on both trades of 5 pips. Once one closes you wait for the other to go closer to 0 then reenter the trade. Again set 2 limit orders for 5 pips each. Once this one goes off you will have 10 pips and 1 negative trade left open. At some point you can subtract your closed trades from your open negative trade for a profit. As long as the two currency pairs move in opposite directions you will make money, right?