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Thread: Do I need to convert my USD to trade cross currencies?

  1. #1
    Hi, in case my base currency is USD and I wish to trade GBP/JPY and GBP/JPY. Do I have to convert USD to GBP until I can put a trade?

  2. #2
    Quote Originally Posted by ;
    Hello, if my base currency is USD and I wish to trade GBP/JPY and GBP/JPY. Do I have to convert USD to GBP until I could put a trade?
    What Lasty said..can I propose something - why not test out babypips? It's all of the info beginners want, fantastic luck.

  3. #3
    I am 60% complete on the babypips school however I didn't recall coming across anything about the way our account currency will be converted when we exchange cross currencies.
    Thanks for the replies.

  4. #4
    That is great, now you simply have a bit longer to go in order to graduate from B pips..as regards your query, it has been answered..good luck.

  5. #5
    Quote Originally Posted by ;
    Hello, if my base currency is USD and I wish to exchange GBP/JPY and GBP/JPY. Do I have to convert until I can place a trade, USD to GBP?
    No its automatically done.
    Your P/L however will soon be converted back to USD.

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