Quote from N54_Fan:
This is what i was eluding to in the other thread that I posted. No one responded so I assumed no one understood what I meant.
When you close out a position you are paid your profits in the settlement currency (also called quote currency which is the bottom of the pair.) This means that the profit you have will be at risk to market fluctuations. So the amount of CAD or CHF or JPY that you have in earnings will never be to the penny until you convert it back to USD. I suspect from what you are saying that you have money still in these foreign currencies. You would need to BUY USD/CHF to clear out your CHF and likewise for other foreign currencies.
Is this what you were referring to?
My question was how often do most people "zero out" this foreign currency into USD? I was thinking of doing this once a month or so.
I zero out after each non-base currency trade. It's somewhat a pain, but out of the 5 pairs I trade, only 2 are non-base. If not, you are exposed to market flux and interest rate flux.