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Re: FX Trading[ Q2 03 - Q4 05 Archive ] [ Current Message Board ] [ Archives ] [ Search ] Posted by Mark on December 21, 2005 at 10:31:13:In Reply to: Re: FX Trading posted by Taufiq Alibhai on December 21, 2005 at 03:15:04: : In Addition to the above, I would like to be able to track the value of my FX portfolio in terms of US$ and in terms of Pakistani Rupees (The exchange rate between USD and Rupees would be updated via internet). : : : I am an investor based in Pakistan and hence my default Currency would be Pakistani Rupees (which I have assigned the symbol R). Since I am an active trader in the FX market I was wondering how FM would be ableto help me manage my FX portfolio. : : I have opened an FX account with FXCM and hence there is an initial conversion of Rupees to US$ for the initial investment. Then I would be purchasing the foreign currencies in terms of US$. How should I go about setting up this entire portfolio structure. : : I have a main cash account which is in rupees. I have effectively bought the Dollars for the initial investment. Unfortuanltely I am stumped as to how to go about doing this from then on. Please help Hi Taufiq, It sounds like the only investment you have in Rupees is your cash account. It sounds like you would want 1 investment to track your rupees cash, and 1 for your US$ cash. For each investment that you buy, you would record/track it in the currency that you paid for it in, so it would be US$. You could set your default currency to be whatever currency you want to be able to view your whole portfolio in. For a tutorial on getting a portfolio set up to track multiple currencies, see: http://www.fundmanagersoftware.com/tutor_currency.html Thanks,
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