Hello there,
Hopefully someone can answer a few questions for me.
First off, would I be correct in assuming that if the Hong Kong Dollar was to untether from the USD, that the USD/HKD pair would skyrocket?
Second, why doesn't everyone just wait until USD/HKD hits the either the upper or lower limit, then put every dime they have into that pair? According to history, its a 100% guarantee that you'll make at least 500 Pips. With the upper and lower limits, you could max out your leverage and make massive gains.
The only thing you wouldn't want to do is to make a trade in the opposite direction that the pair would go if HKD was to release itself from the USD.
What am I missing?
Hopefully someone can answer a few questions for me.
First off, would I be correct in assuming that if the Hong Kong Dollar was to untether from the USD, that the USD/HKD pair would skyrocket?
Second, why doesn't everyone just wait until USD/HKD hits the either the upper or lower limit, then put every dime they have into that pair? According to history, its a 100% guarantee that you'll make at least 500 Pips. With the upper and lower limits, you could max out your leverage and make massive gains.
The only thing you wouldn't want to do is to make a trade in the opposite direction that the pair would go if HKD was to release itself from the USD.
What am I missing?