Today I just found out I should be settling my cash balance everyday via IDEAL (and pay the corresponding commissions). I was made aware of this by the helpful forex specialist named Gerald at Interactive Brokers. I called them to find out exactly what the daily statement line item called "Cash FX Translation Gain/Loss" is. Gerald informed me that it is not enough to simply close the open positions, rather, I need to settle out the cash balance of every currency (found in the Market Value section of the Account window) to zero using IDEAL. Am I the only person that is ignorant to this? Do my fellow ETers that trade forex on IB settle their cash balances via IDEAL?