complete newbie here and haven't started trading. .. so a naive question.
I often travel internationally and spend a few thousands of USD, EURO, GBP each year.
So if I open a trading account and hold some of these foreign currency, can I easily withdraw them to spend on my trips? (Rather than paying retail rate during my trip?)... Or maybe spend them for other purposes, e.g. online shopping in USD)
Do I need a foreign currency bank account in Australia for each type of currency to do that or there are some other easy ways? Is there a simple foreign currency bank account that can hold multiple types of currency?
Do people here only do short-term trading or they hold foreign currency in middle or long term (6 month to 1-2 years)? Does long term holding make sense?