Hi, I have decided to open an account with an overseas broker (outside of Australia where I live). I have the option of opening up an AUD account. This was the path I was going to go with. But on hindsight, if I am going to be mostly trading the major pairs, wouldn't it be better if I had a USD account? My reasoning is that if I have a AUD account and trade USD/XXX and XXX/USD most of the time, I will be susceptible to the AUD/USD currency rate with each trade I make. If I am going to do frequent trades (10+ per day) then this will go against me. Would it be better to just open a USD account?
Cheers,
V
Cheers,
V