DailyFX Forum - View Single Post - Discuss the GBP/USD with a DailyFX Analyst

		DailyFX Forum
Sidebar Wrapper

1,045 Users Online

Thread: Discuss the GBP/USD with a DailyFX Analyst

View Single Post

#10 (permalink)

04-25-2007, 09:27 AM

JohnG_FX

Guest Moderator

Join Date: Feb 2004

Posts: 1,470

Quote:

Originally Posted by Richard Lee

Sounds like a great straddle you got going....

I've found that GBPJPY is great hedging cross for the major spot, it takes the shift out of the sterling at odd hours of the night, limiting any losses that may go against you.

Thanks Richard,

I still do use GBPJPY as a hedge, usualy for a news release, any big move on USD and hence cable is offset by the USDJPY move.

__________________
John G

Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.