The one thing that has been bugging me is this. Now, if I open up an account with AUD$100 for easy example. That broker allows me a leverage of 10:1, thus giving me AUD$1000 to exchange around.
Now, If then buy AUD/JPY say at 70. Then that would mean I'm buying AUD from JPY...How does this work? Wouldnt it need to convert multiple times when selling that as well? DOes this make sense at all? :P