Recent content by pollux75

This is why the IB Universal Account seems to be an interesting deal. I haven't got one yet, but here is what I gathered from a few searches. When you open an account at IB, you decide which currency you want to be your base currency. Whenever you trade in a foreign currency, you create a...

I think I just understood what you mean. Sorry to be slow. Your advice is to open a GBP base account which will give me the flixibility to buy some USD if most of my trades are in USD and leave that in the USD "subaccount" or chose to leave the money as GBP and use the margin procedure...

Hi Paul, thanks for your response. It is indeed the GBP/USD exchange rate that I'm most concerned about. I've been lucky enough to compensate for the loss with my winnings, but I don't think using GBP as a base currency would protect me against that. Since I tend to always have a position and...

I only trade US stocks for the time being. I tend to hold my positions overnight, generally up to one week or two. I came across the IB Universal account and found the idea of having an account in £ but trading $ quite attractive, but then I came to the conclusion that I would gain very little...

As far as I'm aware, it's not open to UK residents.

Hi, I'm afraid I can't answer your question, but I was interested in Metastock 8 too. What demonstration are you referring to? Thanks

Thanks for your reply. I tend to keep my positions for longer than a day so I guess I wouldn't really gain much from it.

I have a bit of a stupid question. I'm living in the UK but only trading US stocks. As you can imagine, I've been hit hard by the USD fall. I'm currently trading with E*Trade and very happy with it, but I was wondering if it wouldn't be more convenient to trade with IB. My understanding is that...

Re: NASDAQ Trading From The UK There is no stamp duty in the US anyway. I'm afraid it doesn't quite work like that. You have to declare the capital gains that you made in the US to the Inland Revenue.