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Author Topic: Is USD safer than EUR to base your account in?  (Read 9378 times)

Offline tradingteacher

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Re: Is USD safer than EUR to base your account in?
« Reply #15 on: December 20, 2012, 02:08:27 AM »
With the way the Fed debase the USD (and they are expected to debase it by $trillion in 2013) I would not think anything USD based is the smart money.

The is good so long as they keep away from the euro.

The USD is on thin ice.

Let's say China decide to dump the many bonds they hold for US on the market ... $ becomes paper in a second.

Offline Wajeeh93

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Re: Is USD safer than EUR to base your account in?
« Reply #16 on: August 10, 2013, 06:55:26 PM »
In my humble opinion, the United States dollar would be a better currency to base your account since it is the currency of the current super power of the world. Its more like an international currency which is easily accepted and appreciated all around the globe. You can say its more of a prestigious currency and so basing your account in this currency would be better.
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Offline cyberryder

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Re: Is USD safer than EUR to base your account in?
« Reply #17 on: August 10, 2013, 08:30:21 PM »
it doesn't matter what you choose. If either USD or EUR crashes one day, you won't be safe in the other one. Both are too big to fail and highly correlated. This is also true for most of the other ones then.

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Offline forexfish

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Re: Is USD safer than EUR to base your account in?
« Reply #18 on: August 10, 2013, 08:44:58 PM »
it doesn't matter what you choose. If either USD or EUR crashes one day, you won't be safe in the other one. Both are too big to fail and highly correlated. This is also true for most of the other ones then.

Both have same degree of risk in short term, however in bad times often noted USD get stronger than its counterparts (imo).


Offline cyberryder

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Re: Is USD safer than EUR to base your account in?
« Reply #19 on: August 10, 2013, 08:50:07 PM »
well as long as we believe in and have the system of turbo capitalism, infinite and exponential growth (and also depts), USA can be maybe seen as a save haven, as they believe in, preach, and live this crap system (i'm really not a fan) like nobody else in this world and as of today they manipulate the whole world and other currencies, even go to war, to defend their edge.
« Last Edit: August 10, 2013, 08:54:43 PM by cyberryder »
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Offline bismillahwd

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Re: Is USD safer than EUR to base your account in?
« Reply #20 on: August 10, 2013, 08:58:59 PM »
it doesn't matter what you choose. If either USD or EUR crashes one day, you won't be safe in the other one. Both are too big to fail and highly correlated. This is also true for most of the other ones then.

Both have same degree of risk in short term, however in bad times often noted USD get stronger than its counterparts (imo).

I do realized this, many repated since i remember asian crisis 1998, subprime 2008, eurozone 2011.
Stocks, gold, gbp, euro. Mostly Everything tumbling down in those financial crisis, but usd became king,

Its there a day usd would go south, but imho its not near here now.




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Offline forexfish

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Re: Is USD safer than EUR to base your account in?
« Reply #21 on: August 10, 2013, 08:59:30 PM »
well as long as we believe in and have the system of turbo capitalism, infinite and exponential growth (and also depts), USA can be maybe seen as a save haven, as they believe in, preach, and live this crap system (i'm really not a fan) like nobody else in this world and as of today they manipulate the whole world and other currencies, even go to war, to defend their edge.

I agree and am not fan either as they have messed the whole world but these are hard facts and unfortunately we have to accept.


Offline Surrealistik

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Re: Is USD safer than EUR to base your account in?
« Reply #22 on: August 10, 2013, 09:09:30 PM »
I do realized this, many repated since i remember asian crisis 1998, subprime 2008, eurozone 2011.
Stocks, gold, gbp, euro. Mostly Everything tumbling down in those financial crisis, but usd became king,

Its there a day usd would go south, but imho its not near here now.

This. The demise of the USD is greatly exaggerated, as is the Euro in my view. The naysayers will be disappointed (and poorer if they bet accordingly) in the near to medium term at the very least, I assure you.

Of the USD and EUR, I'd personally go with the former, if only because it is the world's reserve currency, the biggest stock markets/commodity exchanges in the world are denominated in it, it is the most universally accepted currency, the most resilient in the face of crisis, its issuer is in arguably better condition than the EU and cannot be permitted to fail, and as a Canadian I am more likely to extract use from it.
« Last Edit: August 10, 2013, 09:12:27 PM by Surrealistik »

Offline Candlestick

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Re: Is USD safer than EUR to base your account in?
« Reply #23 on: August 11, 2013, 09:37:02 AM »
Here is my way to deal with currency risks on my bank and investment accounts.
I have approximately 50:50 EUR:USD amount on my accounts on total.
About once per year or so, i transfer my free money up to 30/70 or 70/30 to the currency i belive to be cheap and go up. Doing this makes me little profit and helps to elliminate inflation affect on cash on bank.

Offline Johan Ryden

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Re: Is USD safer than EUR to base your account in?
« Reply #24 on: August 27, 2013, 03:12:17 PM »
EU and US have the biggest economies in the world behind them. I wouldn't worry about using either of them...

Offline SubZeroFX

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Re: Is USD safer than EUR to base your account in?
« Reply #25 on: September 09, 2013, 02:30:21 AM »
I think the best way to trade forex is account with your home base currency... but if you can't go USD account.

Offline jhehe

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Re: Is USD safer than EUR to base your account in?
« Reply #26 on: November 02, 2013, 12:47:37 PM »
What about making one long term speculation? For example, instead of your usual intraday analysis, you look at the weekly or even monthly outcome and basically deposit the currency in your favor comparing the current rate to the potential future cash out rate. Then while you are speculating in the process, your base account currency will be appreciating in value. If course, this is assuming that the king ten price movement is in your favor. I guess otherwise you will still be screwed.

Offline jeuro

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Re: Is USD safer than EUR to base your account in?
« Reply #27 on: November 05, 2013, 09:25:30 PM »
.
It makes no sense to me to have an account in a different currency of my own.

It is less risk. Because will always be accepted in my  own country
regardless of exchange rates...

if you are in the Euro zone.. and have 1000 Euros in deposit..with a buying power of 2000 liters of milk .
 and tomorrow the eur/usd drop 1000 pips... if you withdraw the 1000 euros, . still buys 2000 liters of milk.

So, basically, the only thing that affect your own currency deposit is inflation...
but that is why we trade forex .. dont we? to beat inflation by making extra money... and/or investing in a different currency we think will appreciate more then ours.  So..no need to make a paper exchange to start with (which is very expensive ).

Using our own currency as deposit  to exchange in the market on credit is just fine.

J.

Offline foodietr

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Re: Is USD safer than EUR to base your account in?
« Reply #28 on: June 05, 2014, 03:18:36 PM »
I would suggest using USD if you are looking for a more universal trade. It is accepted is many countries as the norm. EUR is quite stable too, but mostly limited to the Eurpoean Union and is not a valid currency in a lot of countries. I would suggest if you want to avoid foreign exchange rates to weigh down on you, then go for your national currency. They also levy charges in the form of service tax if you are opting for foreign exchange conversion.

Offline Kristofer

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Re: Is USD safer than EUR to base your account in?
« Reply #29 on: June 24, 2015, 08:54:43 PM »
I prefer to have EUR or USD trading accounts. I think it's more reliable. Although I guess, USD is more reliable then EUR.

 

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