http://www.trade2win.com/boards/ A place for beginners to learn the ropes. en Fri, 20 Nov 2009 22:42:35 GMT vBulletin 60 http://www.trade2win.com/boards/images/misc/rss.jpg http://www.trade2win.com/boards/ http://www.trade2win.com/boards/forex-first-steps/79730-what-account-currency-choose.html Wed, 18 Nov 2009 14:40:09 GMT Hi

Regarding a forex trading account, I'd like to know what the "best practice" is for choosing one's account currency.

I assumed, living in the UK, that I should choose GBP. But now I'm not so sure anymore.

So many calculations, for example for direct rate pip values, are based on the USD. WOuld certainly make life easier if the account was in USD also, no?

Also, I have chosen Alpari UK for a broker - again assuming that based in the UK it would be best to go with a broker based here. But, is that correct? Should I also consider US based brokers for example? What considerations are involved in such a decision?

Any advice much appreciated! ]]> Forex First Steps cherusker http://www.trade2win.com/boards/forex-first-steps/79730-what-account-currency-choose.html