Currency Trading

I

IKON

Guest
Hi,

Just wondring if there is an option to open a JPY/USD/GBP account with one of the banks in Ireland for personal use.

The need for this account is... I want to buy USD/JPY/GBP from HiFX/XE or from one of the online trader and keep it in the Foreign Currency account. And when the exchange changes in my Favour I want to sell it for EURO's.

What would be account maintenance charge / Transation fees for the foreign currency account?

FOREX trading seems to be a big gamble with PIP and leverage... I felt that buying one currency and sell it later would be safer.

Any suggestions on this please?
 
I would recommend avoiding this strategy. There are far more fee efficient ways of doing this.

If you are not comfortable with leverage, surely you can just reduce the amount you trade to match the risk you would like. However, it appears that you might be just gambling your money away though
 
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