Hi,
I'm glad to have found this place. I see a lot of hardcore professionals moving around here, so I believe I'm at the right place...
Please don't laugh at my question right away, for I'm very green at this. But I can't seem to understand, and I need to ask. Please explain it to me so I understand.
If I SELL EUR/GBP, is it the same as BUYing GBP/EUR? And why?
If not, and my broker only supports EUR/GBP, is the only way to achieve the effect of buying GBP/EUR to construct a synthetic pair (I believe it's called that..)?
I'd be happy if someone could explain this to me...
Thank you!Yes, it's the same.
Same logic as :
1 TIMES 1/10 = 0.1
1 DIVIDE 10/1 = 0.1
Yes, it's the same.
Same logic as :
1 TIMES 1/10 = 0.1
1 DIVIDE 10/1 = 0.1So simple... Thank you very much!
So simple... Thank you very much!
It's always simple when you know.
And now you know!
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Hi,
I'm glad to have found this place. I see a lot of hardcore professionals moving around here, so I believe I'm at the right place...
Please don't laugh at my question right away, for I'm very green at this. But I can't seem to understand, and I need to ask. Please explain it to me so I understand.
If I SELL EUR/GBP, is it the same as BUYing GBP/EUR? And why?
If not, and my broker only supports EUR/GBP, is the only way to achieve the effect of buying GBP/EUR to construct a synthetic pair (I believe it's called that..)?
I'd be happy if someone could explain this to me...
Thank you!