Then the broker decides how much to give. I am getting so low because I am at 400:1 leverage which means for every 100K USD I trade I ONLY have put up $250 and the broker loans me the rest. So when I carry trades over
99.75% of the money is theirs and hence they take most of the interest.
but in reality in NJ it comes out to 100% per month bases on the amount required for me to secure a 1k LOT. FXSOL lets me change the leverage and interest share I get, but where the real money is made is not in intefrest but in scalping. The interest is just a security that allows you to hold your trades until you realize a profit, even if you have to collect mad interest for 3 weeks or something. Money in a bank is poorly saved earning 1% per year! BAH! The bank is NOT your friend. Anyone seen my article? I am surprised other bankers arent calling me.
I should start a whole series of articles letting the bankers secrets out of the bag.
Quote:
Originally Posted by HAUGHT007
Hey RRRAM,
I use FXDD and they don't have NZD/JPY but my GBP/JPY seems to have a better interest pay.... I don't know if you hit the wrong keys or not but today, we get 7.08 on a 10k lot. Is there that much difference in brokers?
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