Quote:
Originally Posted by rhodytrader
No.
As I said you need to multiply your position size by GBP/USD, not by GBP/JPY.
If you multiply a GBP based position by GBP/JPY you get the JPY value of the position.
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ok. i am slightly confused. it's my doing, not yours, you have been really helpful. i will be trading in GBP as i am a uk customer. i want to open a position on GPB/JPY. why do i have to multiply by gbp/usd to calculate the position size. Is this not at odds with Oanda's own example (albeit they are using the example of eur/usd). thanks.