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ACCOUNT BASE CURRENCY CAN AFFECT PROFITS !

lihkin
Aug 19 2013 at 06:19
2 โพสต์
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 โพสต์
Eg, EUR/USD pair,
up trend - long use EUR base acc.
down trend - short use USD base acc.

lihkin
Aug 19 2013 at 20:32
2 โพสต์
Mirko42
Sep 05 2013 at 12:10
13 โพสต์
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
1718 โพสต์
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 โพสต์
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 โพสต์
or you can trade commodities and have no issues with exchange rates.

Anking69
Sep 19 2013 at 09:58
9 โพสต์
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 โพสต์
Yes you do loose, but you loose quite small.

dvejn
Sep 19 2013 at 21:44
92 โพสต์
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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