Trade ExecutionI have never done an overseas trade. I understand you have to have a special overseas trading account which has a minimum balance requirement and that the commisions are high. I was just wondering about how a trade would be executed using this model.
Where would you have your account? At your current brokerage which executes the trade through SEG or do you set up an account at SEG which gives you access to the various brokers? Or do you have to set up accounts at the brokers in each country?
I am as new to overseas trading as new can be. I gambled a little bit on this because its cheap and I like the concept (even though I don't fully understand it) using money I'm willing to lose. I thought that replies to this question could clear up things for new people (& me) to the thread.
KD