ok I'll short it like I do, you keep betting on the impossible
Kangaroo-Market
⋅
@Dumuzichristian, I feel proud that such an informed person is following my ideas. But I can call GBP Deutche mark or American peso and still make money trading; when other persons are talking about markets as they are talking about the weather and can't make a dime out of it. By the way, you can choose a broker that is not charging for swaps.
Dumuzichristian
⋅
The value of HKD can never exceed this since the HKD is always at a peg to the dollar of 7.75-7.85. I agree with the post above that no logical trader would ever consider trading another asset but I guess we are just gonna hush that up. As a matter of respectful discourse, it would be humorous for someone who knows this to read your comment since the very basis of the HKD trading pegged to the USD @7.75-7.85 IS a fact anyone may learn if they research it, and thus it ads some level of humor to my experience. You're an expert if you figured this out anyway without having to look it up, it's just silly more people don't know this. Idk, best kept secret in forex. You ARE right though; short it. I just don't know how long it's going to trade sideways for and what the premiums to hold the pair in my books for that long will be. Super good short technical though. Nice suggestion TLDR: it always trades between 7.75-7.85 and the fact you/people have yet to learn this is kinda hilarious and I'm as grateful for that snipit as a person can be.
MonkeyChoi
⋅
@Dumuzichristian, I like your comment :). Just found this a good fun reading to share.
PhakeNick
⋅
@Dumuzichristian, well if Hong Kong authority is being discovered to have not enough reserve to back all the HK Dollar issued and then a bank run for USD occur then it would break the 7.85 level.