Which account currency should a beginner choose?

Your account currency is the money you measure profit and loss in. Choosing one that isn't your home currency adds a layer of conversion risk on top of every trade.

Which account currency should a beginner choose? — pip movement diagram
How a pip moves the exchange rate

What do you use?

  • your account currency, and whether it matches where you live
  • how it affects your pip value on the pairs you trade
  • whether you've ever traded an account in USD from a non-USD country, and how that went
Which account currency should a beginner choose? — risk-reward diagram
A risk-reward ratio of 1 to 2

The arithmetic is covered in position sizing, which walks through the conversion steps.

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