Hi guys,
I usually trade only the majors and commidity pairs, but as I’m starting to look into currency crosses, something suddenly stumbled onto my mind…
If my account balance is in USD, how does the trading crosses exactly work?
Would my profit/loss (let’s go with the first one, haha…) be calculated in the other currency which is then converted into USD? Wouldn’t that result in a loss at times?
Thanks,
Clark.