i typically only have one open position at a time and dont use much leverage (trade per trade 2%), i was wondering whether i could split my account into two parts, open up a sub account in another currency which is strong compared to the dollar and in a long term bullish trend. This way i can accrue some growth in my account other than from my trading practices.
Is it possible? what are the pro’s & cons?
I’m not sure if this answers your question but when I wanted to trade a pr with different indicators Oanda said to open another acct in a different browser ie Firefox. That isn’t something I wanted to do so I don’t know if the different acct could tap the same available margin or if the margin could be split. I have had excellent responses from the Toronto office even though the call is international for me. The Live Chat may be able to help you also.
The issue for me wasn’t a different pr but being able to have diff. indicators stored with the pr. Changing 8 EMA’s isn’t for me. d.
The real use for the sub account is for hedging, as this
cannot be done in the main account. As to another currency,
what sort of difference in interest rate are we talking, EUR 4%,
GBP 5.5%, (you do not get that % though).
I would be more inclined to increase my trade size in my main
account.