Is there any retail broker who would let you trade in more than one currency pair with the same position i.e. instead of squaring the the position like
USD - > EUR -> USD,
I am able to to execute
USD -> EUR -> JPY -> USD?
The brokers should allow us to do that. I can't understand why not....?
Its forex, so we should be able to convert one currency to any other. That is the whole essence of the market, isn't it?
P.S. I have done my research to realize that trading in Arbitrage is banned by retail brokers. So that is not my intention (though ideally I would love to....I would love to grasp that risk free money that is there all the time). However, I'm guessing only the big banks and the hedge funds have the ability to do that. (any comments are welcome...)
USD - > EUR -> USD,
I am able to to execute
USD -> EUR -> JPY -> USD?
The brokers should allow us to do that. I can't understand why not....?
Its forex, so we should be able to convert one currency to any other. That is the whole essence of the market, isn't it?
P.S. I have done my research to realize that trading in Arbitrage is banned by retail brokers. So that is not my intention (though ideally I would love to....I would love to grasp that risk free money that is there all the time). However, I'm guessing only the big banks and the hedge funds have the ability to do that. (any comments are welcome...)