Learn About Base Currency On Foreign Exchange
A direct currencyquote is simply a currency pair in which the house currency is the base currency; while an indirect quote, is a currency couple where the house currency is the quoted currency. The direct quote differs the currency, as well as the quoted, or domestic currency, goes on fixed at one unit. In the indirect quote, on the other hand, the local currency is inconstant and the foreign currency is determined at one unit.
IB does provide an expedited process to assist account holders who wish to near all non - Base Currency positions collectively.
Lot Gauge - number of assets, products, or base currency defined in the convention over one lot.