I would wait 90 minutes and determine exactly what the BoE has to mention first because GBP/JPY is a carry trade pair. Maybe they'll say something which'll allow it to unwind.
I would wait 90 minutes and determine exactly what the BoE has to mention first because GBP/JPY is a carry trade pair. Maybe they'll say something which'll allow it to unwind.
Yea I would much rather see an 800 pip fall right here. Then enter for a rally to current levels and vanish my position as somebody mentioned in the news forum. 7 decades of favorable carry bliss has hit it's first snag; i.e. resistance.Originally Posted by ;
|I knowingly use GFT. Even though it has state of the art platform I'd forget about trying to get interest from a carry trade. I've compared them with other people such as IG Markets, Saxo, FXCM and they're not competitive. It seems like you just get about 0.5 pips/day even for the best carry trade. It's a little disappointing because they also have the most available crosses to choose from..eg. AUD/CHF whereas FXCM does not have this one.Originally Posted by ;
This Might Be true. What I am asking for isn't so much regarding the interest however. It is about currencies with clear trends. USD/THB in an obvious downtrend. GBP/JPY being in a clear uptrend for several years (although that's being tested now) It's still very important to follow curiosity however. Depending on your leverage, 1 percent in interest can swing your profits . It should not be disregarded when trading duration when your broker is GFT. MattOriginally Posted by ;
Hello permanentjaun,Originally Posted by ;
You Are Extremely welcome.
Yes I wish they had more pairs also.
You're right 20-100 pips against you maybe even 200 it's all in the size of your trading account. Can it handle the reversals. Case in point -- On the aud/usd D1 chart has been at a downward sloping channel of about 214 pips since 2 Jan 07. If you got in then at a peak you'd have needed to carry a 214 pip drawdown at one point.
I guess it depends on how far your in the sport for. If your investing in a long pair you need to be aware of how low does it go when it will go low and will your margin handle those swings against your own direction. If you'll be able to test in on the trade once a day that matters less as you're able to track your account margin and stay safe. As to recommendations I have been enjoying with the gbp/jpy for a number of months but the level might be a top or near it. On the lookout for new position today. Will keep you informed when I find something good.
The trend might be your buddy, but the swap is your lover.