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Exchange rates on non-native forex trades

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    Exchange rates on non-native forex trades

    Hello,

    I'm in the UK so naturally I trade with GBP. If I use the EURUSD instrument is it true that I would be doing a EURGBP trade to get the Euros, followed by the EURUSD trade that I intend to do, and then finally at the end of the trade do another EURGBP to get back to GBP from EUR?

    If so, then is the exchange rate for the 2 EURGBP trades fixed for the duration of the EURUSD position? Or do I take take my chances on all 3 trades?

    Please can you help clarify?

    Thanks for any help.

    #2
    This would be a great question for your forex broker. The NinjaTrader platform itself does not directly handle any currency conversion that may be necessary for you to trade forex pairs for which your account is not funded in.
    Patrick G.NinjaTrader Customer Service

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