Pipdude.....a little video for you! http://www.youtube.com/watch?v=u3cPtf2oyjY No one insulted you, only raised a few points of interest. I still remain skeptical, I don't think it's possible to earn a living on a 4k account, but if this is just one of the many you have out there, well, congrats and i hope you are enjoying the lifestyle of a trader. Can't be beat, IMO!'
17.5% overnight rate on TRY, wow. I thought ISK was the highest at 14.5%. Speaking of, do any retail FX firms offer trading in these more obscure currencies?
Doing your best? What is all these rubbish replies? Can't moderators do some work and erase them so that forumers can see the useful ones only?
as explained I do not edit content...I look for spam... if a poster bothers you...you can place him on ignore.. I will post the member conduct rules for all to review (they are the same that you agreed to read when you signed up as a guest here). Michael B.
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Anyone knows any INTEREST FREE brokers ...so that one can hedge against any FX pair just for the purpose of carry trade?
I think the reason you got those responses is b/c your initial post leaves the impression that you're taking an insane amount of risk. To see this, you first have to understand that a "USD/CHF(3%) hedged with a long position in GBP/USD(0%)" is equal to a single GBP/CHF position (if scaled properly). (On a side note: the benefit of the latter position over the former position is threefold: - it uses half the margin - you don't lose the interest bid-ask spread on USD - you only pay the spot bid-ask spread on one position) The next thing you want to understand is the volatility of GBP/CHF. If you look up the historical range of the past few years you'll see it ranges from 2.10 to 2.75. What you have experienced in the past 6 months was a range of 2.33 to 2.46, i.e. a range that was 5 times smaller. If you have a strong belief that GBP/CHF will stay in this fairly small range, your "hedged" position might work out well. But as soon as the range widens, you'll start to see wild swings in your account equity.