And the best part is that your broker takes care of all of it behind the scenes
. I have been trading the GBP/JPY pair for about a month now and I love it.
Topgun
Quote:
Originally Posted by fx-tiger
Yes, this is perfectly possible.
If your trading account is in USD and you go long on the GBP/JPY, you in fact first buy GBP/USD and than buy JPY's with the GBP's you purchased.
When you sell your position, you sell your JPY's back for GBP's and than you sell the GBP's for USD's
Hope this helps.
FXTiger.
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