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Hedging against devaluation of your account currency
Most brokers show your net currency exposure in your account and/or in your daily reports.
Since debasing periods are not really funny I normally hedge my net exposure in the EURUSD during these periods.
During revaluation periods (like e.g. 2017 YTD), I loosen or liquidate the hedge.
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My only experience of something like this is trading non-USD margin furtues in a USD denominated account.
In my experience it is true what @choke35 says that
But when you say
what do you actually mean.
Some brokers seem very aggressive in charging you (screwing you) interest/borrow costs in the non-denominated currency. Others don't.
Depending how your broker handles it you should only need to a) hedge your profits/losses or b) your margin requirements. You don't need to hedge the notional value of the contracts you are trading.
Hedging the net currency exposure is comparable to hedging only the margin in some sense.
Both of us don't hedge gross positions (notional value, gross exposure), but only fractions of it.
Regarding the interest you are absolutely right; hedging comes at a price.
