quote AL "for an ETF betting against the EURUSD, here is EUO. EUO is 200% INVERSE EURUSD. Look at the chart. It behaves like a stock. There is no margin involved"
That is for US investors. If you are trading in the UK, you need to hedge of the currency risk.
"Should learn next time to not place stops so close or at the trendline shown in Friday's piece. " You never ever place a stop exactly at the SR or trendline, these are always targeted for stop hunts. You seem to do this fairly often.
I cannot in a pension / ISA. I have access to spread bets but I want a long term trade on as well for another account. I think I will just stick to trading EURGBP ETFs.
Olivier, so short 1 unit of EURUSD and then the same monetary amount (in sterling not euros?) long of eurgbp should give me the exact performance of EURUSD? 1.36--> 1.29 is only a 5% change so some double ETFs would make sense but that might confuse the issue.
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"for an ETF betting against the EURUSD, here is EUO.
EUO is 200% INVERSE EURUSD.
Look at the chart.
It behaves like a stock. There is no margin involved"
That is for US investors.
If you are trading in the UK, you need to hedge of the currency risk.
You never ever place a stop exactly at the SR or trendline, these are always targeted for stop hunts.
You seem to do this fairly often.
That will be the bottom.
I have access to spread bets but I want a long term trade on as well for another account.
I think I will just stick to trading EURGBP ETFs.
so short 1 unit of EURUSD and then the same monetary amount (in sterling not euros?) long of eurgbp should give me the exact performance of EURUSD?
1.36--> 1.29 is only a 5% change so some double ETFs would make sense but that might confuse the issue.