Hello long term index trader (on other platforms) new to FX.
My base currency is SEK but I have so far only played around with EURUSD in a demo account trying to learn the FX profession.
How is the exchange rate determined from SEK to EUR when I enter a trade? Is it per tick intraday? Does this mean a gamble on EURUSD is as much a gamble on SEKEUR? Is this exhange taken into account in the demo account or will the fee for exchanging SEK to EUR be a nasty surprise once I go live?
Or am I overthinking this?