Interactive Brokers

[finacialvoid]

Hi
I was hoping someone could give me an idea using IB - Is it better to trade on margin and keep your funds in stirling whilst trading on Eurex(Euros). OR is it better to trade on margin whilst trading on Eurex and convert to Euros to trade. I understand that there is a 2.5 charge for every forex transaction. Either way I gonna have currency exposure but I was hoping that someone who trades Eurex from the UK could give me their experience. Thanks

 

[anley]

There's no right or wrong answer, everyone is different. Questions like this are therefore best answered by the individual.

If it was me I'd keep it in Sterling and then change up euros at the end of every month. 99% of your profits and losses will come from trading the product and not the currency.

 

[finacialvoid]

There's no right or wrong answer, everyone is different. Questions like this are therefore best answered by the individual.

If it was me I'd keep it in Sterling and then change up euros at the end of every month. 99% of your profits and losses will come from trading the product and not the currency.

Hi Anley,
Yeah was gonna go down that route anyway and get the pros and cons along the way - but thanks for your input.