GBP/NZD Short Set-Up

The GBP/NZD is in an area where it could break to record lows, I am ready to jump on board:

[leadplayer_vid id=”51117DB420583″]

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  • NathanTucci

    Hi there Edith, what I mean by double risk is that a short on the USD/CAD means that you are actually short on USD while being long on CAD because the pair has an inverse relationship… so when you are long on the EUR/USD you are long on EUR but also short on USD… so a short on USD/CAD + a long on EUR/USD is actually two short positions on the dollar. Which means if the dollar gets strong, I am likely to lose both trades because of it.. hopefully, that made sense, I also have a more in-depth article about pairs that might help you here: http://winnersedgetrading.com/how-currency-pairs-work-in-forex/

    P.S. No, if you are long on EUR/USD and short on GBP/USD you would not have the same risk on USD because you would be long on EUR and short on USD in the first trade, but you would be short on GBP and long on USD in the second trade which means you do not have double risk on one currency.

  • NathanTucci

    Hey Paul, thanks very much! I appreciate the support and yes, it seems that when you let things go and forget about losses and move forward, you have a chance to do really good things… I am hoping February continues to be a great month for me! Really appreciate you being a part of our team here, Paul.

  • NathanTucci

    Hm, that is weird; play it back on my own PC it sounds quite loud.. regardless, I will try to make the sound better for today’s video.

  • NathanTucci

    Hey Pete, you are very welcome. Thanks for coming to the blog consistently to be a part of Winner’s Edge!!

  • Pete

    Thanks for the time you spend making these videos. I appreciate it.

  • chris

    The sound level on the Feb 05 video was very weak. I had my speakers at max and had difficulty hearing you. It sounded like you were talking down a long pipe. Perhaps you need to sit closer to the microphone. Give it a shot tomorrow.

  • Paul

    Thanks Nathan
    What a turn around from beating yourself up about the eur usd short not working out, to making February an awesome ‘month of the year’
    Well done you

  • Edith Helwegen

    Hi Casey, Thanx for your video today. Can you explaine again what you ment by the double risk with the eurusd long and the usdcad short. Do I have the same risk when I go long at the eurusd and short at the gbpusd?