Fidelity International Trading for foreign curency

[dijonyummy]

Fidelity now allows international trading and now therefore allows you to hold foreign currency in your account for the sake of trading foreign markets. So I have 2 questions,

1) Is this a good way to buy foreign currency?

2) If I were to buy some Hong Kong Dollar, is that a pretty good proxy for the Chinese RMB?

 

[ric3bowl]

Quote from dijonyummy:

Fidelity now allows international trading and now therefore allows you to hold foreign currency in your account for the sake of trading foreign markets. So I have 2 questions,

1) Is this a good way to buy foreign currency?

2) If I were to buy some Hong Kong Dollar, is that a pretty good proxy for the Chinese RMB?

I don't know about #1, but if you're trying to get exposure to the Chinese economy in forex, your best bet would be AUD in my opinion.