Am I right to say that buying a $/R contract and buying a R/$ contract means exactly the opposite results. If that is correct then look at the TRADE page of FIND OR TRADE CF where under LOOKUP OPTIONS it is stated $/R Jun-10 but under TRADE ENTRY it states 14Jun10 ZAUS which is the opposite. So (1) what are you trading here ? (2)If you buy a $/R contact are you long $ and short R ? Thanks .
you are trading the opposite currency .. so if you BUY the $ contract you're long $ and expect Rand weakness against $ .. an inverse, so if you sell the you are short $ and expecting Rand strength against $ ..
Yesterday's plunge was good to me. I made up what I have lost so far this year plus a tiny bit more. Sold my June contracts this morning. Now have a few Sept running. Seems like there is a little movement this afternoon.