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blackstormcap

Registered: Aug 2011
Posts: 170

04-23-12 06:45 AM

long 1.5mil EURCHF for about 2 weeks and got charged 800USD..from a supposedly positive carry to negative carry..will never hold FX overnight using IB. total ripoff

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screw_jack

Registered: Apr 2012
Posts: 16

04-24-12 01:15 AM

You should have checked out the carrying cost before you put on the position. All retail shops earn money by giving you inferior interests, and IB is no exception.

If you intend to hold your position long term, what didn't you go with futures in the first place. Futures always give you the fairest overnight rollover rates. And I'm pretty sure the better rates you get with futures would more than compensate the liquidity issue.

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Jack_Larkin

Registered: Jun 2011
Posts: 492

04-24-12 05:13 AM

Quote from screw_jack:

You should have checked out the carrying cost before you put on the position. All retail shops earn money by giving you inferior interests, and IB is no exception.

If you intend to hold your position long term, what didn't you go with futures in the first place. Futures always give you the fairest overnight rollover rates. And I'm pretty sure the better rates you get with futures would more than compensate the liquidity issue.

Couldn't help but notice your name...

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screw_jack

Registered: Apr 2012
Posts: 16

04-24-12 05:52 AM

Quote from Jack_Larkin:

Couldn't help but notice your name...

What's wrong with my name, Jack?

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RobertG

Registered: Jan 2010
Posts: 119

04-24-12 06:19 AM

Quote from trade2live:
btw I didn't know you could trade forwards on CME [/B]

This is what I was thinking.
isn't a Forward against what the exchange stands for? standardized contracts?

RG

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screw_jack

Registered: Apr 2012
Posts: 16

04-24-12 10:30 AM

futures are standardised forwards.

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