how to read real fx balance question

Discussion in 'Index Futures' started by oldtime, Nov 8, 2011.

  1. I trade with IB. When I'm flat, I still have a real fx balance. Some of them are positive and some are negative. It costs $2.50 to close them and I will just borrow it again anyway. How do I read what the real fx balance means. If it's negative what does that mean? If it's positive what does that mean?
  2. and also, when is it beneficial to close them out?
  3. If you are not going to trade that currency again then get it as close to zero as possible and it will disappear.
  4. nah, it's mostly CHF which I trade all the time.
  5. for instance I'm flat, and I have a 9k CHF positive balance and a 3k JPY negative balance. I'm guessing that is USD because 3k JPY might not even by me a beer in Tokyo.

    So what does that mean? How will I be affected when either CHF or JPY moves?

    What about interest?