What currency is less risky to keep as base?

S

salamanderforex

To gurus who trade multiple currency pairs,

What is the base currency that you tend to stick to for trading if you are trading multiple currencies? Is it your native currency? Is it USD? GBP?

There are times when moving from one currency to another makes arbitrage sense. But do you come back and gravitate towards a base currency at times?
 
salamanderforex said:
What is the base currency that you tend to stick to for trading
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I trade what's moving now, that's it.

Today for instance the British pound was the big winner (over 100 pip range).

On the other hand the Aussie could not move 20 pips, the lazy bum.
 
SunTrader said:
Read the OP aaaagain
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The question is rather vague, because there are almost 200 different currencies with USD as a base.

And cross currencies like CAD/TRY or NZD/MXN are first converted into USD.
 
Not base currency of a currency pair. Base currency of the currency trading account.

Which currency do you hold in your account - is the question. That is if I am reading it correctly? Maybe I am not.

Either way it is still USD for me.
 
USD.

Tho depending on your country of origin it could make sense to use your local currency.

LOL @ almost everyone ITT completely misunderstanding a simple question. Unless I am too?!
 
OP is clearly saying: "What is the base currency that you tend to stick to for trading if you are trading multiple currencies? "

So I don't think he is talking about the currency that our FX broker is using as a reference in his platform, as far as our trading account is concerned (USD for US residents, GBP for UK residents, EUR for European customers, etc...)
 
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