I currently reside in Australia and I am looking to open a small account with a US based broker that allows AUD denominated accounts.
What are the disadvantages/advantages to keeping my money in AUD as opposed to USD? Besides the fact that it is a bit easier to calculate tax and lower money wire costs.
I would like to begin by trading the EUR/USD pair.
What are the disadvantages/advantages to keeping my money in AUD as opposed to USD? Besides the fact that it is a bit easier to calculate tax and lower money wire costs.
I would like to begin by trading the EUR/USD pair.