You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Google "Bretton Woods System" or "Bretton Woods Agreement" and you will see.
Please tell me exactly how the US unemployment news affects the AUDNZD pair.
And I am also wondering where exactly in the CADGBP pair the US dollar "sits"
Learn the math.
AUDUSD and NZDUSD
USDCAD and GBPUSD.
Everything is ultimately converted to dollars.
Learn the math.
AUDUSD and NZDUSD
USDCAD and GBPUSD.
All converted into dollars in the end account.
- "zeroing in on currencies", creating a currency-neutral portfolio - an unrealizable delusion that has been quoted repeatedly and none of the peddlers bothered to substantiate the tale with calculations;
- diversification of risks within one trading account - fiction;
- using a large number of simultaneously traded instruments does not help diversification.
And now I will repeat the question specifically to you - how can you make a profit from a locked position (which is what diversification essentially aims to do)? If you do not have a clear answer, there is no point in looking for ways to diversify.
Why? Where is the USD in the AUDNZD cross? If the Aussie and the NZD are equally correlated to the dollar - where is the dollar?
I wonder in what currency you then calculate e.g. the pip value of this pair. Or if you open a trade in this currency pair, what do you calculate profit/loss in?
You are contradicting yourself when you say "the Aussie and the NZ is equally correlated to the dollar" and then you ask "- where is the dollar? If the dollar is not there, then how does this pair correlate to it, if it is not in the pair's value calculation?
I wonder in what currency you then calculate e.g. the point value of this pair. Or if you open a trade on this pair, what do you calculate the profit/loss in?
I wonder in what currency you then calculate e.g. the pip value of this pair. Or if you open a trade on this pair, what do you calculate profit/loss in?
In the currency of the deposit )
)))) what do I calculate my profit/loss in? In the currency of deposit. Why?
And that when converting the value into the currency of the deposit, the value in dollars is counted first.
For example: Take GBP/CHF, exchange rate 1.4400.
Pip value = position volume * pip value * current quote of base currency against USD / current exchange rate of the currency pair (cross-rate) For GBP/CHF: 10 000 * 0.0001 * 1.5800 (GBP/USD rate) / 1.4400 = 1.1$