living in europe, should i have account in USD or EUR ?

Hello,

as USD is the most used currency in forex, should i open account in Dollars ?

If i use Euro, maybe i will have the risk of having more cross-currency...
But if i use dollars, i should have to convert in euro to get back money from the account, and maybe loose some money...

What would you do ?

Raphaël

Your main priority will be to make money. What currency it is in will be a minor consideration, believe me.

If you were to look at the weekly chart, you might consider a euro account to be the sensible option.

Most brokers will change your account to dollars, should the situation change.

Thanks Smikester

i would go with pounds.. When the EU disappears at least you will have something left

What a question....

Sheessh!

If you live in a country that uses the EURO currency, you are better off just having a EURO ACCOUNT!! .. If you made money in USD, your broker would deposit USD into your BANK ACCOUNT in EUROPE.. then your bank will give you a shitty exchange rate and make MONEY on your conversion from USD-> EURO!

duh!

I would recommend opening the account with whichever currency you bank with more often.

I live in Europe but I am an American with bank accounts in the USA that I still use as my main accounts so I opened a USA account w/ US Dollars.

Thanks ehrek and F.x.

Cdawg i am not sure to understand your answer