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Go long and short

  • #1
  • First Post: Dec 4, 2007 4:54am Dec 4, 2007 4:54am
Is it possible to go long and to go short to a currency pair at the same time?
  • #2
  • Dec 4, 2007 4:56am Dec 4, 2007 4:56am
Quoting ladytrader
Is it possible to go long and to go short to a currency pair at the same time?
Yes depending on your broker. This is called hedging. Some brokers will not allow it in the same account, you miss go long in one account and short in the other.
  • #3
  • Edited 5:21am Dec 4, 2007 5:03am | Edited 5:21am
Quoting mbqb11
Yes depending on your broker. This is called hedging. Some brokers will not allow it in the same account, you miss go long in one account and short in the other.
ah okay.. I already get the point of hedging.. It was discussed to other thread.. Now, why it depends on the broker? i mean, don't they allow hedging in some cases? and if i miss to go long and to go short, does it mean that there would be a possibility that the trade would have high lose?
  • #4
  • Dec 4, 2007 6:56am Dec 4, 2007 6:56am
Quoting ladytrader
ah okay.. I already get the point of hedging.. It was discussed to other thread.. Now, why it depends on the broker? i mean, don't they allow hedging in some cases? and if i miss to go long and to go short, does it mean that there would be a possibility that the trade would have high lose?
You can go long and go short at the same currency on a market maker (middlemen) brokers. These market makers make trading for you. 99% people lose the money here.

But you cannot "hedge" at the same currency on a ECN broker that give you real acces on a Interbank Market. Only great traders make money here.

Hedge is a very powerfull tool to trade Forex.
Make sure you know the difference between a market maker and an ECN before you decide to go learn hedge or not.
Trainee at UBS Investment Banking
  • #5
  • Dec 4, 2007 7:01am Dec 4, 2007 7:01am
Quoting th_ngue21
You can go long and go short at the same currency on a market maker (middlemen) brokers. These market makers make trading for you. 99% people lose the money here.

But you cannot "hedge" at the same currency on a ECN broker that give you real acces on a Interbank Market. Only great traders make money here.

Hedge is a very powerfull tool to trade Forex.
Make sure you know the difference between a market maker and an ECN before you decide to go learn hedge or not.
So that means, Hedging is not a good idea most especially to a beginner like me..
  • #6
  • Dec 4, 2007 7:15am Dec 4, 2007 7:15am
May be true for EFX group, but not Lava....

Quoting th_ngue21
You can go long and go short at the same currency on a market maker (middlemen) brokers. These market makers make trading for you. 99% people lose the money here.

But you cannot "hedge" at the same currency on a ECN broker that give you real acces on a Interbank Market. Only great traders make money here.

Hedge is a very powerfull tool to trade Forex.
Make sure you know the difference between a market maker and an ECN before you decide to go learn hedge or not.
  • #7
  • Dec 4, 2007 7:21am Dec 4, 2007 7:21am
Quoting tdion
May be true for EFX group, but not Lava....
I'm sorry but what is EFX group and Lava?
  • #8
  • Dec 4, 2007 7:31am Dec 4, 2007 7:31am
Quoting ladytrader
I'm sorry but what is EFX group and Lava?
brokers
Trainee at UBS Investment Banking
  • #9
  • Dec 4, 2007 7:35am Dec 4, 2007 7:35am
Quoting ladytrader
So that means, Hedging is not a good idea most especially to a beginner like me..
it depends on what for systems you develop.

You dont need to use hedge to become profitable.
Trainee at UBS Investment Banking
  • #10
  • Dec 4, 2007 7:50am Dec 4, 2007 7:50am
Quoting th_ngue21
it depends on what for systems you develop.

You dont need to use hedge to become profitable.
Okay thank you.. for all the insights and opinions of you guys..
  • #11
  • Last Post: Dec 6, 2007 10:55am Dec 6, 2007 10:55am
Quoting mbqb11
Yes depending on your broker. This is called hedging. Some brokers will not allow it in the same account, you miss go long in one account and short in the other.
HI Michael, i need you to assit me with an ECN broker that allows same currec ncy hedging. I think i saw smwhere that MBtrading does but you need to open two accounts. I dont know what you think of oando. That is if they offer same currency hedging. Thanks
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