Imho NZDCAD is just NZDUSD + USDCAD. I think there are very few traders trading it as such. So if I am bullish on CAD and bearish on NZD (or the opposite) simultaneously, this is when I will use NZDCAD (sometimes it's simpler to open two positions ...
Here are my 2 cents on this matter. You can trade forex with leverage but you can also trade it without leverage. Just shuffle the real money you have from one currency to another and start thinking about which currency you should keep it in. If you ...