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Account Currency
I have a general question about account currency. What is the best way to handle this when one's base currency is EUR but all stocks/ETF's are bought in USD.
There are 2 options I think ...
- Convert a part or all of the account's funds to USD.
Positive : one doesn't have to pay interest to the broker to buy stocks/ETF's in USD
Negative : when USD breaks down relative to EUR the account goes down with it
- Keep all of the account's funds in EUR
Positive : fluctuations in EUR/USD have no visible impact on the account
Negative : one has to pay interest to the broker (currently 1.58% with IB)
Is there maybe a reliable forex 'robot' out there that doesn't require too much active trading ?
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