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GBP based account, any advantage?


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GBP based account, any advantage?

  #1 (permalink)
 DarkPool 
Battle Ground, WA
 
Experience: Master
Platform: Multicharts DT & MBT Desktop Pro
Broker: MB Trading
Trading: GBP/USD, EUR/GBP, EUR/USD, GBP/CHF, GBP/JPY
Posts: 75 since Feb 2011
Thanks Given: 10
Thanks Received: 35

Is there any financial advantage to having an account based in GBP? On a USD account, 1 pip is valued at $10. Is it true that on a GBP account, a pip is worth $15.50 USD?

Seems like that by simply switching to a different base currency(one that is strong relative to yours) you can add %50 extra profit with every trade. Of course you loose in the initial conversion, but it seems like if you are earning $15 a pip versus $10, that's a good thing.

Any perspective on this?

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  #3 (permalink)
Daniel25
Delhi, Delhi/India
 
Posts: 23 since Nov 2011
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DarkPool View Post

Is there any financial advantage to having an account based in GBP?

Any perspective on this?

Yes, there may be little financial advantage to having GBP account. However we can not expect much. My base currency is EUR.

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Last Updated on December 5, 2011


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