It is not easy closing currency positions with Interactive Brokers
- Thread starter affan
- Start date
You haven't given enough information for anyone to know what you did wrong.
It is actually very easy to close currency positions but you seem to have expanded a position or something. I suggest you use your browser to contact customer service so they can tell you what happened and how to get out of your predicament.
It is actually very easy to close currency positions but you seem to have expanded a position or something. I suggest you use your browser to contact customer service so they can tell you what happened and how to get out of your predicament.
Make yourself a spreadsheet to calculate the offsetting position size to realize your P/L in USD instead of JPY (when trading USD/JPY).
E.g. buying Yen to value $25,000 then selling same number of Yen to realize $25,XXX
The disadvantage, of course, is the trade size depends on the price, so this is only really practical when exiting with a limit order - and when you have enough time to type in the numbers.
E.g. buying Yen to value $25,000 then selling same number of Yen to realize $25,XXX
The disadvantage, of course, is the trade size depends on the price, so this is only really practical when exiting with a limit order - and when you have enough time to type in the numbers.
It is the PnL on your trade. (and it tells us you lost about 5 big figures on your trade of 25,000 usd, i.e. my guess you sold at 102.50 and bought back at 107.50...).
In IB, go to your "Account" tab, click on "market value tab", right click on JPY, and this will give you the choice :close currency position and/or close all non-base currency positions...
In IB, go to your "Account" tab, click on "market value tab", right click on JPY, and this will give you the choice :close currency position and/or close all non-base currency positions...
