Forex General: Triangular Arbitrage
The Triangular Arbitrage Calculator was created to satisfy one of three major trading events, the determination of arbitrage opportunities. In addition, since the passage of the Dodd-Frank Financial Reform Act, arbitrage trading is a work around and a better-than-hedge trading. A further discussion on Triangular Arbitrage can be found on wikipedia.
Arbitrage trading, when performed correctly, is profitable on each of the triad currency pairs while a hedge trade will always have a loosing trade on one side.
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