1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Best base account currency?

Discussion in 'Beginners Bootcamp' started by Archangel, Oct 28, 2007.

  1. Archangel

    Archangel Recruit

    Joined:
    Oct 28, 2007
    Messages:
    1
    Likes Received:
    0
    Hi. I've been demo-ing for a few months, and am now ready to go live. As a Canadian, I find myself very VERY reluctant to open an account in US dollars, but am unsure which of the other options (CHF, EUR, GBP) would be the best choice. Since all profits will need to be converted to CAD to be useful, this may be the single most important decision I make.
     
  2. Lhar_fpa

    Lhar_fpa Private, 1st Class

    Joined:
    Sep 8, 2009
    Messages:
    134
    Likes Received:
    0
    That's a good choice. Be sure to concentrate yourself on your chosen currency. Because most of the new traders, tried trading a lot of currencies,and they end up losing they're account.
    good luck in trading...
     
  3. Shuvalov

    Shuvalov LiteForex Representative

    Joined:
    Sep 28, 2009
    Messages:
    232
    Likes Received:
    0
    This may not be the response you want, but why not open it in CAD if as a Canadian you do not want USD?
     
  4. Lhar_fpa

    Lhar_fpa Private, 1st Class

    Joined:
    Sep 8, 2009
    Messages:
    134
    Likes Received:
    0
    Ah, yeah, why not open CAD account?
     

Share This Page