Hi there
With all of the forex brokers one has to always close an open position. I am curious if it is possible to continue trading other pairs? For instance:
- I enter long EURUSD (buying EUR for USD)
- I start loosing but instead of closing the position or hedging it,
- I enter short EURCHF or EURAUD (selling my EUR for CHF or AUD)
- I close the position opened under 3) ending up with CHF or AUD on my account
Is there a broker out there who offers such trades? If not, why? I realise that one has to have accounts in multiple currencies to do so, but this is hardly a problem.
Thanks in advance!