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Base Account Currency?

Discussion in 'Beginners Bootcamp' started by jigoddard, Aug 3, 2010.

  1. jigoddard

    jigoddard Recruit

    Aug 3, 2010
    Likes Received:
    I'm enquiring as to what base currency I should keep my account in? The options are either USD or AUD. I need to know as once I fund my account, I cannot change the currency.
    My Details are as follows:
    -Australian in Australia
    -Intra-day Trader
    -Planning on rarely withdrawing further from my account.
    -Plan on trying scalping

    Would I be better have base currency in USD and getting hit with a currency conversion while making deposits plus withdrawals or having it in AUD but then having the AUD/USD rate included with each of my trades.

    Please help
  2. Pharaoh

    Pharaoh Colonel

    Oct 3, 2007
    Likes Received:
    It really boils down to the long-term change in the AUDUSD. If you think it's going to move up significantly, go with AUD. If you think it's going to fall, go with USD.

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