Anonymous
Just started using IB a month ago. Was going to make my monthly investment ytd when i realised that my USD.SGD i bought last mth to convert my sgd funds is an open position?
What does it mean if my USD.SGD is at an open position? I usually buy forex usd.sgd whenever i'm going to make my investment monthly. If it's an open trade and it shows urlz p&l, what does it mean?? I usually try to use up all the usd, but sometimes there'll be a left over of a couple dollars here and there. Please advise if anything needs to be done or i can just leave it and buy more usd.sgd pair whenever i need to for my investment. Thanks!!
2
Discussion (2)
What are your thoughts?
Learn how to style your text
Nicholas Beh
05 Aug 2020
Student Ambassador 2020/21 at Seedly
Reply
Save
View 1 replies
Write your thoughts
Related Articles
Related Posts
Related Products
Moomoo Singapore
4.7
476 Reviews
From $0
MINIMUM FEE
0.03%
TRADING FEES
Custodian
STOCK HOLDING TYPE
Saxo Markets
4.5
956 Reviews
Syfe Trade
4.9
124 Reviews
Related Posts
It's a virtual FX position, which is automatically generated when you use IDEALPRO. Unless you're doing forex trading, you can just ignore it and just refer to your account balance instead.
To avoid creating virtual FX positions in the future, use FXCONV instead of IDEALPRO when converting currency (on TWS). On mobile, using the currency converter tool will not create a virtual position as well.