To use chat, please login.
Back to contacts
lihkin
Aug 19 2013 at 06:19
2 posts
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

julius3419
Aug 19 2013 at 09:21
8 posts
Eg, EUR/USD pair,
up trend - long use EUR base acc.
down trend - short use USD base acc.

K.I.S.S - Keep It Simple Stupid ...
lihkin
Aug 19 2013 at 20:32
2 posts
ya thats the best, RIGHT :)

Mirko42
Sep 05 2013 at 12:10
13 posts
Probably it is the only way to make it work. Better to have several accounts. Or only trade the currancy of your account.

CrazyTraderfx (CrazyTrader)
Sep 05 2013 at 15:37
1717 posts
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

Alpha Dolcy (iceberg12)
Sep 15 2013 at 00:24
150 posts
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 😉

Stanko777
Sep 16 2013 at 12:57
19 posts
or you can trade commodities and have no issues with exchange rates.

Anking69
Sep 19 2013 at 09:58
9 posts
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!

Lui Chino (Parallel)
Sep 19 2013 at 16:46
8 posts
Yes you do loose, but you loose quite small.

dvejn
Sep 19 2013 at 21:44
92 posts
small? for 1000 trade and example spread 3 pip? 3000 pip. yes. small. for many people is 3000 pip very big profit.

Best rebate for IC Markets 1,60 RTL+ armada markets 10% commision back + next 30 brokers company only in . Who will give you more?
Please login to comment.