Any thoughts on using difference of the two above as a proxy for EUR/USD?

- Joined Jan 2010 | Status: overcaffeinated.... | 1,539 Posts
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DislikedWhy not EUR/JPY and USD/JPY or EUR/GBP and GBP/USD, etc.. It's the same thing, two trades cancel each other out and leave you with a net EUR/USD position, but you pay double the spread. It's only useful at times if you are trading pure FA, you can combine this with stoploss placement to effectively 'hedge' one side of a trade if you want to keep exposure to the other currency.Ignored