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Old 16.10.2013, 12:15
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The_Love_Doctor The_Love_Doctor is offline
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Re: Interactive brokers in Switzerland

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i think i am getting it. If I have francs then I just do the inverse of what you just said....Buy the USD.CHF
Not quite...

With any currency pair you always buy one side and sell the other.
There are conventional ways the major currency pairs are quoted based on base currency priorities. (See wiki link)

So take any currency pair:

ABC.XYZ, the quote is always going to be Bid@Offer
If you hit the bid you would receive XYZ and have to pay ABC, so you would be selling the base.
If you lift the offer you would receive ABC and have to pay XYZ, so you would be buying the base.

So hit bid = sell base ABC for XYZ, lift offer = buy base ABC for XYZ. If you get confused, you always pay more when you buy and get less when you sell.
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