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what currency to deposit into the brokerage firm?

Jan 30, 2012 at 09:38
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1 Replies
Biedrs kopš   3 ieraksti
Jan 30, 2012 at 09:38
as the topic suggests, we get forced conversion when we trade a different base currency. Do you guys open multiple accounts holding different currency?
Biedrs kopš   117 ieraksti
Feb 01, 2012 at 16:03
No, one account could be enough.
But I am not sure, where you problem is:
- Base Currency of your trading account? Look for a broker where the base currency can be in your favored currency.
- Conversion of trade results to your account-currency? This will be done automatically by the broker at the time of closing of your trade with the current platform-exchange rate.
Cheers
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