I now keep the majority of my fund's cash in Canadian Dollars. It's a slightly lower interest rate but I'm bullish on the currency. I've been buying on weakness. I really like this feature. I also have sizeable holdings of Canadian stocks.
I really like the capability to 'store' your cash in just about any currency you want and you still receive very competitive market rates for that currency. You can trade into and out of the currency almost 24/7.
Anyone Use IB's Currency Capabilities?
Started by
Cirrus
, Apr 04 2007 10:09 AM
1 reply to this topic
#2
TechSkeptic
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- Traders-Talk User
- 2,472 posts
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Posted 04 April 2007 - 11:28 AM
Yes, I've used it, but not extensively, since currencies are not really my thing. I mostly use the FOREX feature for trading Canadian stocks. It's really nice. I don't know any other broker that is so flexible for international trading. I only wish they could trade the Australian stocks directly, but I believe there are regulatory hurdles preventing that.
