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Technical theoretical question:
Let's say you want to be long the EUR/USD and short the EUR/AUD
The way I see it is that you are effectively flat the EUR against a short USD and long AUD position. This would translate into being long the AUD/USD pair. First is this theoretically correct???
Second, if I open two accounts and in the first I entered the following two positions:
LONG $25,000 EUR/USD
SHORT $25,000 EUR/AUD
and then to compare I open a second account with the following one position:
LONG $50,000 AUD/USD
Would these two accounts trade equally?
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