Quote:
Originally Posted by sunyata
With Shadow's encouragement I'm now posting my second dumb question:
If I want to trade, say, EUR/USD and I pay my account in £'s ( GPB ), how does this work? Is is exchanged again from Euro to Pound?
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The answer is yes. EUR/USD and the other non-GBP pairs are for you like EUR/GBP and the other crosses would be for someone with a USD account. There is a profit/loss from the position, which then gets translated in to your account currency at the prevailing rate against the EUR.