Costs of conversion of non-dollar forex account
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Hello,
I am new to Forex, so please don't execute me if the following
question is naive.
Losses or profits in pips are converted into dollars according to
certain formulas. If my account is not in dollars, but, say, in euros
or Swiss francs, these dollars are converted to euros or Swiss
francs. Is there something like a spread in this conversion from
dollars to the account currency? I.e. is it a disadvantage to have a
forex trading account in a currency other than US dollar (all other
things being equal)?