Synthetic NZDJPY

Discussion in 'Forex' started by magister, May 1, 2006.

  1. magister

    magister

    Hello I would like to trade the NZDJPY but my broker doesn't have it...

    Would I just go long on the USDJPY
    and then long on NZDUSD ?

    What I then understand is if I have one with a price of around 0.6400 and the other of 113.50 - how can I know when I have reached my target and take profit.

    If say the USDJPY downtrends but the NZDUSD uptrends how do I know where I am relative to everything.

    I suppose I could switch brokers but I already like the one I am worth and prefer to keep everything in one pot...

    Thanks for any insight into this one.
     
  2. magister

    magister

    also should I necessarily get an equal sized lot of USDJPY in comparison to the lot size of NSDUSD ? Say 1 mini of each?