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
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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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