Newb question - Cash Delivery - Aussie Stock Forums

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  1. #1

    Default Newb question - Cash Delivery

    hey guys,
    I've just been doing some reading on the forex market as i want to get a good grip on the inner workings of it before i start trading on a demo account.

    This might seem like a stupid question but i just wanted to know for sure before i look any further...

    I am looking to be position trader, holding positions for longer than days at a time. I read that the forex settlement date is +2 so delivery must be made within 2 days? I'm not sure whether i understand what is changing hands...does that mean that in 2 days the actual physical currency will come into my account? is anything required of me after settlement date? can someone please explain this a bit further for me. how does it effect me as a trader?
    thanks in advance guys.

  2. #2

    Default Re: Newb question - Cash Delivery

    Michael, the answer to your question depends very much on the type of instrument you intend to use to trade fx (and associated leverage & margins), or whether you would trade straight through e.g. IDEAL/IDEALPRO.
    Personally I don't care about settlement windows as I would never utilise or leverage more than my risk rules allow.
    Success is a science; if you have the conditions, you get the result.

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