Quote:
Originally Posted by rantinraven
Interesting concept. I look forward to seeing the replies to this thread. I had always tried to close my positions at the end of the day for fear of rollover rates. Might be interesting to just hold a few long position if it was a "sure thing" ( I know doesn't really exist) and just trade the other pairs that I wish to.Thanks for bringing up this idea, Raven
Might definitely be interesting to be holding a few positions like that next month. With rates changing daily is it always $8 per pair or does that amount fluctuate to far to actually pinpoint how much money could be made on the investment.
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There is no sure thing in forex otherwise everyone would be successful.
$8 a day is based on 1 lot long on the EUR/USD
& 1 lot long on the USD/CHF.
I like these pairs due to their negative correlation and the ADR being very similar. I started this strategy last week building very small daily positions using micro lots (.01 lot for each pair). So far, so good.