When we execute trades in the fx pair spot market we earn profits in various currencies such as euro, usd, yen, pound etc.
But then these profits are converted to the accounts base currency. while converting the exchange rates apply, and we pay spread! !! !!!
That means if u earn profit in cad, u pay spread for gbp/cad if ur accounts base currency is usd, its the best until usd is not falling down.
Any ideas/ views on this friends
But then these profits are converted to the accounts base currency. while converting the exchange rates apply, and we pay spread! !! !!!
That means if u earn profit in cad, u pay spread for gbp/cad if ur accounts base currency is usd, its the best until usd is not falling down.
Any ideas/ views on this friends
Aug 19 2013 at 09:21
Eg, EUR/USD pair,
up trend - long use EUR base acc.
down trend - short use USD base acc.
up trend - long use EUR base acc.
down trend - short use USD base acc.
K.I.S.S - Keep It Simple Stupid ...
Probably it is the only way to make it work. Better to have several accounts. Or only trade the currancy of your account.
Sep 05 2013 at 15:37
It reminds me 2 years ago when some smart people from Switzerland came to France to open account into € while EURCHF was around 1.0000.
They got 20% thanks to Forex without trading it o_O
They got 20% thanks to Forex without trading it o_O
Enjoy trading!
Sep 15 2013 at 00:24
CrazyTrader posted:
It reminds me 2 years ago when some smart people from Switzerland came to France to open account into € while EURCHF was around 1.0000.
They got 20% thanks to Forex without trading it o_O
Smart Move 😉
or you can trade commodities and have no issues with exchange rates.
lihkin posted:
When we execute trades in the fx pair spot market we earn profits in various currencies such as euro, usd, yen, pound etc.
But then these profits are converted to the accounts base currency. while converting the exchange rates apply, and we pay spread! !! !!!
That means if u earn profit in cad, u pay spread for gbp/cad if ur accounts base currency is usd, its the best until usd is not falling down.
Any ideas/ views on this friends
I think you're perfectly right!
Yes you do loose, but you loose quite small.
small? for 1000 trade and example spread 3 pip? 3000 pip. yes. small. for many people is 3000 pip very big profit.
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