I wish it could fall much deeper. But I am afraid I will be forced to convert my whole trading account to Euro....
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DislikedI wish it could fall much deeper. But I am afraid I will be forced to convert my whole trading account to Euro....Ignored
DislikedI don't know why you would want to do that, even if your broker allowed it. I guess you can deposit in any currency, but the broker platform would have to support multiple currency displays, etc. You don't gain a thing. If euro hits 1.50 and you have 10K in dollars, converting would mean you have 7500 euros. All this talk about getting paid in euros is goofy. It's called foreign EXCHANGE !!!
If I make $10 an hour and ask to get paid in euros, then I get paid 7.50 euros an hour. Nothing changed, nothing gained.
I could convert to pounds and end up with 5000 pounds. I didn't gain or lose a thing.Ignored
DislikedI don't know why you would want to do that, even if your broker allowed it. I guess you can deposit in any currency, but the broker platform would have to support multiple currency displays, etc. You don't gain a thing. If euro hits 1.50 and you have 10K in dollars, converting would mean you have 7500 euros. All this talk about getting paid in euros is goofy. It's called foreign EXCHANGE !!!
If I make $10 an hour and ask to get paid in euros, then I get paid 7.50 euros an hour. Nothing changed, nothing gained.
I could convert to pounds and end up with 5000 pounds. I didn't gain or lose a thing.Ignored