Hello everyone:) I am new here and I have started reading about Forex trading as a source of income. The problem is that I don’t understand how Canadians can make a daily profit in fx since most of the time the Loonie is lower (and sometimes way lower …like now) than the USD. If I was to trade in major currency pairs I would have to convert to USD since the USD is in all the major pairs. My brain kind of hurts trying to figure this out so somebody please enlighten me:) Thank you!
Unless you find a broker that will give you a CAD account you will take a bath on the conversion to USD. On the flip side…when you bring your profits back over to CAD you will be on the bonus side.
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