I have $US and $CAD accounts with the same broker. I've set these up in PSM as independent "Account Tabs". The problem I'm having is that PSM does not handle this situation well. The issue seems to be that "Display Currency" is a global value, so I can't create a foreign currency account tab and have it display in that currency.

My expectation is that I would be able to display the holdings and transaction register in whatever currency the account is set to. But I can't seem to do that.

Correct, there is only a single global display currency setting. This was not intended to handle accounts in different currencies, but rather to handle quotes in different currencies, to convert them for display in a single display currency.

For accounts in different currencies, you are correct to keep separate account tabs. If the quotes are in the same currency as the account, and transactions are done in the same currency, then no conversion is necessary and you should not use the currency conversion feature.

You have to use currency conversion because ultimately you must report the transactions in native currency for tax purposes.

There are valid reasons for needing to display the transactions in either currency. At minimum, for taxes, I need to see it in native currency. For reconciliation, I need to see it in account currency.

I'm sorry, it's been a while since I used this feature, so I was mistaken about the display currency. I had to go back and actually go through the settings again. You can indeed set the display currency for each account tab in the account tab properties. However keep in mind that this only works if you set the quote currency on the tickers, so the software knows what currency to convert from.

It would be nice to have an introductory video how to handle currencies. I'm also stuck on how to set my home currency (EUR) against the quote currency. Of course this can get really complex such as setting an alert in a non-quote currency. The software should stay as simple as possible, so too many features are a nuisance.