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this may sound stupid

dazed1dazed1 Member Posts: 58
edited May 2015 in Poker Chat
for does of us who have euro accounts how does the exchange rates affect how we should be managing our accounts i.e. should we be planning withdrawals or deposits at certain times depending on the exchange rate or does it not matter,as i said this may sound stupid but i cant entirely get my head around it. 
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  • gerardirlgerardirl Member Posts: 1,299
    edited May 2015
    It doesnt mstter when you deposit or withdraw. All it means is the stakes ur playing at in euros will change.

    Unrealistic numbers but lets say £3.30 was 4 euro one day and rates changed then its simply maybe 4 euro 2 cent.
    In effect in this example your stakes are higher but you either win more or lose more as a result of stakes being higher and not because of exchange rates.

    Ger
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  • gerardirlgerardirl Member Posts: 1,299
    edited May 2015
    Blimey the exchange rates must have changed dramatically!!!

    A £3.30 game was 3.99 euro and now its costing 4.59 euro!!! wtf

    Ger
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  • stuarty117stuarty117 Member Posts: 1,395
    edited May 2015
    Yea Euro at a good price, well for us maybe not u Ger

    1 euro is 72p
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  • GELDYGELDY Member Posts: 5,203
    edited May 2015
    as well as winning/losing at poker every day you have money on the site you are winning/losing at the FX tables as well. if you or your advisors think the gbp is going down against the euro you should keep the minimum on the site and deposit only when necessary. also note that fx speculation is taxable so any fx gains should be declared to the tax man. 
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  • gerardirlgerardirl Member Posts: 1,299
    edited May 2015
    Since the exchange rates changed I cannot stop losing!!! ahhh the pressure!!! lol
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  • VespaPXVespaPX Member Posts: 12,485
    edited May 2015
    In Response to Re: this may sound stupid:
    as well as winning/losing at poker every day you have money on the site you are winning/losing at the FX tables as well. if you or your advisors think the gbp is going down against the euro you should keep the minimum on the site and deposit only when necessary. also note that fx speculation is taxable so any fx gains should be declared to the tax man. 
    Posted by GELDY
    Forex Deffo rigged
    Sort it out Sky! :-)
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  • FCHDFCHD Member Posts: 3,178
    edited May 2015
    In Response to Re: this may sound stupid:
    In Response to Re: this may sound stupid : Forex Deffo rigged Sort it out Sky! :-)
    Posted by VespaPX
    Certainly used to be, as current court case is showing!
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  • gerardirlgerardirl Member Posts: 1,299
    edited May 2015
    So can we claim tax back on our losses? I will keep losing so!!! woohoo

    Ger
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