If you buy GBP/USD and sell EUR/USD is it %100 similar to selling EUR/GBP?

So confused?!?!

The simple answer is no.

Try this buy 1 lot of GBPUSD and sell 1 lot of EURUSD, also sell 1 lot of EURGBP. well it won’t be completely risk free. The reason is the difference in the exchange rates between EURUSD and GBPUSD.

Basically to make this a risk free transaction you will need to buy 0.88 lots of GBPUSD and sell 1 lot of EURUSD and sell 1 lot of EURGBP. If my math is correct that should give you what you’re looking for(correct me if I’m wrong :slight_smile: )