Warning to Carry Traders (Perfect Hedge) - Page 3
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Thread: Warning to Carry Traders (Perfect Hedge)

  1. #21
    I ran to Kathy Lien and Boris Schlossberg (sp?) Of dailyfx.com and FXCM this weekend at an invesment seminar. I tried to have Kathy's take on longterm success of carry trading utilizing pairs. They of their own accord, warned me to keep away from operations arbitrage as they called it e.g. extended AUDJPY on oanda and short AUDJPY in an interest free account at FXCM. They told me that FXCM looks for accounts that lay dormant with no trades for a month or two more and will close these accounts down. It might have been an idle threat.

  2. #22
    Well then, it looks like contemplating a PICS system may be the best option after all.

    Question is, is it a decent Positive Interest Carry basket be set up that will stand the test of time and generate adequate returns?

    Seems the Chaffcombe discussion at Oanda faded away, so I am not sure if his basket up and expired or what.

    Any thoughts from anybody? Bueller? Bueller?

  3. #23
    I've read in one e-book which carry trading functions if you'll add technical analisis to this. For example you need to open positions for pairs which have an adequate interest rate and price is above 200EMA. I have tested it and it works for 3 ema's - 50 MA, 100MA and 200MA.

  4. #24
    Everybody,

    99 percent of forex finally goes through roughly 5 banks. Where do you think all these spot forex houses clear their trades, do their accounting, and swap your trades for their profit?

    Can they keep track of everything? Are you kidding?

    One piece of news most of you missed, I posted a while ago, was that Duetsche Bank, in 2005, refused in their platform [or broke the trade with the other side] $ 1 TRILLION value of business they deemed to be of a hierarchical character regarding arbitrage or finding glitches in their platform software.

    They are not going to let you get something for nothing. Every $ Billion hedge fund in the world would do it if they did.

  5. #25
    Quote Originally Posted by ;
    Everybody,

    99% of forex eventually goes through about 5 banks. Where do you think all these spot forex houses clear their trades, do their accounting, and swap your transactions to their profit?

    Can they keep track of everything? Are you kidding?

    One piece of news most of you missed, which I posted some time ago, was the Duetsche Bank, in 2005, refused in their platform [or broke the commerce with the other side] $ 1 TRILLION worthiness of company they deemed to be of a hierarchical character regarding arbitrage or finding happenings in their platform software.

    They are not going to let you get something for nothing. Each $ Billion hedge fund in the world would do it if they did.
    That is what I said in a previous post....They create the rules, and they will not allow anyone to generate use of any glitches in those rules to grab some profits out of the pockets. . .You play by the rules, create a profit, it's yours', else, you lose...


    Thanks,

    Nader

  6. #26
    Quote Originally Posted by ;
    I ran into Kathy Lien and Boris Schlossberg (sp?) Of dailyfx.com and FXCM this weekend with an invesment seminar. . . .They explained that FXCM looks for accounts that lay dormant and will close these accounts down. It may have been an idle threat.
    If anyone is not convinced that carry trading is a plausable way to generate money, here is your proof.

  7. #27
    Quote Originally Posted by ;
    You play by the rules, create a profit, it is yours', else, you lose...
    Just noticed this thread. An excellent point Nader produced here.

  8. #28
    Quote Originally Posted by ;
    if anyone is not convinced that carry trading is a plausable way to make money, here is the proof.
    Merlin, let me clarify -- I presume they only meant the non-interest accounts FXCM are watched for inactivity. I believe that the normal interest accounts are not closed because of inactivity.

  9. #29
    Quote Originally Posted by ;
    They make the rules, and they won't permit everyone to make use of any glitches in those rules to catch some profits from their pockets. . .You play with the rules, make a profit, it's yours', else, you lose...
    Many of these Forex Brokers/MM's, IMO, are also a bunch of hypocritical scumbags, also. They don't say anything regarding the blatant quit running and price exploitation (yes here I go again bringing up the manipulation thing), that goes on. And when I talk about manip. I'm refering to the short term time frame. However, if a trader happens to discover a way to exploit one of their weaknesses or flaws in their system, then that's a narrative that is differenet and they want to hang the trader to attempting to use it. That ticks me off.

  10. #30
    Quote Originally Posted by ;
    Most of the Forex Brokers/MM's, IMO, are also a lot of hypocritical scumbags, too. They do not say anything about the blatant quit running and price exploitation (yes here I go again bringing up the manipulation item ), that goes on. When I talk about manip. I am refering to the short term time period. However, if a trader occurs to discover a way to exploit one of their weaknesses or flaws in their system, then that is a narrative and they wish to hang the trader to attempting to utilize it. That really ticks me off.

    JohnFX
    Well, you can consider this one of the rules stay away from the snare by long term trading rather....


    Thanks,

    Nader

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