Balance Automatic Conversion
When trading different instruments, profit or loss is formed in different
currencies. Autoconversion allows selecting a preferred way of converting
the rests on a multicurrency trading account into US dollars or other currency.
When opening an account, daily automatic conversion of all currencies into
US dollars is set by default.
Conversion is performed after transfer of open positions by Rollovers so that
autoconversion does not affect open positions relating to Forex trades.
Remember, however, that in trading with small amounts (conversion-type trades),
it is necessary to switch off daily autoconversion if you wish to preserve
positions for a long period of time.
Autoconversion period selects the frequency of automatic currency
conversion or switches conversion off. The dropdown list offers the following
options: off, daily, weekly, and monthly.
||Off means that autoconversion is not performed.
||Daily means that autoconversion is performed every day at trade closing.
||Weekly means that autoconversion is performed when a "Spot" value date is
the last weekday.
||Monthly means that autoconversion is performed when a "Spot" value date is
the last workday of a month.
Convert to currency is the field for selecting a currency into which
other currencies will be converted at a prescribed frequency.
Do not convert selected currencies is the field for selecting currencies
which will be excluded from the general rule of automatic conversion. You may
select several currencies by using a mouse in combination with Ctrl or Shift key.
Save saves changed settings.
Cancel returns from the page without saving the changes.
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