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Author Topic: Is USD safer than EUR to base your account in?  (Read 9187 times)

Offline JohnB

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Re: Is USD safer than EUR to base your account in?
« Reply #30 on: June 26, 2015, 11:02:50 AM »
I think it depends where you live. If you live in an EUR country then choosing EUR might make more sense. There's also the Greece issue now but highly unlikely anything major will happen. Like others said, both currencies are "too big to fail", so it's really up to what local advantage the currency can give you. i.e. if you live in EU then EUR might make more sense. Anything outside EU pretty much uses USD as default.

Offline hybrid

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Re: Is USD safer than EUR to base your account in?
« Reply #31 on: December 07, 2015, 06:44:40 AM »
I think security of account is related to our broker , if Broker is regulated then invest inn USD or EUR you will feel secure. I invest in USD and with draw in same currency too. I never feel any problem if I use EUR because I has trust in my broker. USD easy for me to exchange in my account of local currency.

Offline Earleone

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Re: Is USD safer than EUR to base your account in?
« Reply #32 on: December 07, 2015, 10:25:17 AM »
I think that it is smart to treat the base currency as a long term trade. It has been very profitable for me the last 1 1/2 year to hold the base currency in USD even if I live in europe since euro has weakened and USD showed strength. It made a difference for appr 25 to 30 % for that period.  It is like having an unleveraged trade for your local currency against the base currency.
« Last Edit: December 07, 2015, 10:28:53 AM by Earleone »

Offline Guilber

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Re: Is USD safer than EUR to base your account in?
« Reply #33 on: December 11, 2015, 11:43:04 AM »
Quote from: jeuro link=msg=292031 date=1383686730

.
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.

This is very good point. I also keep my account in EUR.

Offline hybrid

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Re: Is USD safer than EUR to base your account in?
« Reply #34 on: April 07, 2016, 03:43:56 PM »
I use USD in my capital all my trading accounts are based on USD. I think it is better than any other currency . If one is convenient in EUR he can use this currency also . I feel USD is better for me to exchange in my local currency safety of funds not depends on currency it is on broker how fair they are with you.

 

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