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Recommended currency for trading account?

页数: 1 2 >
Aug 16, 2012 10:15 pm
#1
k4y User

帖子: 31
入会日期: 26/03/2012

Hi folks,

If you have deeper long-term fundamental knowledge, I'd like to hear your recommendation for what currency one should hold his trading account in these days.

My broker offers the following currencies for trading accounts: AUD, USD, EUR, GBP, NZD, JPY, CHF, SGD. Until now I held my account in EUR but I'm afraid my capital will further loose value due to the continuing euro crisis.

I thought about CHF or JPY. What do you think about these two? In case of a Euro crash, would CHF be negatively affected or not?

Thanks.

Kay

Aug 22, 2012 02:00 pm

帖子: 939
入会日期: 21/04/2011

Maybe SGD. 

The best thing is to compare ur currency with others. Check 1year, 5 year and 10 year historical charts. Choose currency which shows best chart.

Stick to your rules

Sep 10, 2012 03:04 pm
Champ User

帖子: 711
入会日期: 17/05/2011

The best currency is ur own country's currency if it u consider it one of stable currencies. Bcoz u will not have to pay for currency conversion fees. If ur currency is not stable enough or if it is not available in deposit/withdrawal options then go for USD. 

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Sep 11, 2012 03:23 pm

帖子: 939
入会日期: 21/04/2011

Originally posted by Champ

The best currency is ur own country's currency if it u consider it one of stable currencies. Bcoz u will not have to pay for currency conversion fees. If ur currency is not stable enough or if it is not available in deposit/withdrawal options then go for USD. 



Yes, But a big part of forex traders r from third world countries and for them Strong and upward trendy currency is good. So they need to compare different strong currencies with their currency. Choose the best after research.

Stick to your rules

Sep 17, 2012 05:31 pm
zyrt Mirrorbeta

帖子: 14
入会日期: 10/09/2012

I suggest to use your own currency.

By default anuthing but USD because it is bearish. EUR is good.CHF is stable.

Sep 18, 2012 12:55 pm
Champ User

帖子: 711
入会日期: 17/05/2011

I agree with usd coz it is bearish against stronger currencies. But how do u say EUR is good?? I dun think u have any idea of euro crisis. USD is at least better than Eur.

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Sep 18, 2012 01:48 pm
zyrt Mirrorbeta

帖子: 14
入会日期: 10/09/2012

If you don t like EUR you can go CHF... very secure...

Sep 21, 2012 12:01 pm
DDTrader Mirrorbeta

帖子: 38
入会日期: 12/06/2012

I think some are forgetting to mention Sterling, GBP. That has maintained its value and has been stronger against EUR and USD over the last few months so it is also one to consider too.

Sep 21, 2012 02:17 pm
zyrt Mirrorbeta

帖子: 14
入会日期: 10/09/2012

I think GBP is about the same than EUR. I really advise you CHF. Also you have good CHF brokers such as Dukascopy.

Sep 21, 2012 04:15 pm
manish12 User

帖子: 3
入会日期: 21/09/2012

When deciding upon up to Fx agent, you will actually be able to select between four different kinds of records. Not all agents offer all four kinds of Currency dealing records - some will only be able to offer one or two. In reality some might even be able to offer more than four opportunities - it just is determined by the agent that you go to.

Sep 22, 2012 06:26 am
Sasha User

帖子: 836
入会日期: 16/05/2011

CHF. Bcoz:- Very stable and upward trendy. Very little chances of devaluation against other currencies. SGD is also a good choice but I think CHF is better

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