ducatiman998

Thanks for clarifying, the means to achieve the desired position is clearer now. I have also worked out the reason for the large margin, they are throwing in Istanbul airport as part of the deal! Seriously though, I appreciate the time you have taken to dissimilate the question and reply.

Hello community, I have not traded pairs of currencies before. I have done days of research before deciding to bet between two currencies which are the Turkish Lira and the Euro. I was expecting to find TRY-EUR so I could either bet on the Turkish Lira gaining on the Euro or conversely betting on the Euro losing ground on the Turkish Lira. However I can only select EUR-TRY from the list of currency pairs. I can't see a way to invert the pair so the base currency would be the TRY. But as I understood, to "buy" would mean going long on the Euro because I believed that would appreciate, or short on the TRY because I believed it would lose value on the Euro. The "BUY" and "Sell" both quote how many Lira it costs to exchange for one Euro, a spread within the 35. 's. What I want is to see the fraction of Euro in the quote pair to be currently traded for 1 Lira, somewhere in the 0.029's. Could anyone help me as to how to bet for the TRY or against the EUR if the currency pair is listed as EUR-TRY and not TRY-EUR? I did search the whole list over and over to see if I was missing this option. Many thanks in advance Steve