Carry trade experiment......

[OOPs]

Well the other day I was reading about getting the interest payments
from holding trades over a long period of time

anyhows I added $60 to an oanda sub account as an experiment.

Short USD/TRY and just as i felt like a bit of negative correlation Long AUD/JPY

I opened the trade on Monday I have had w weeks worth of tiny interest
and this is the result........

Just wondering weather i should close and TP or just let it run...
kind of over leveraging at the mo but hey! it's the markets money!!!


PS 30% per week ....how long till a million?

[rhodytrader]

Carry interest plays looks great when the market is stable or moving in your direction. If the market moves against you, though, it can wipe out all your interest gains and then some very quickly. There's no free lunch. Tread carefully.

[OOPs]

Will do with my $60!! lol
It would of been better if it had gone against me....I think you learn for from disasters!
I was only going to use the first 400 units usd/try but as it was going in my favour I thought I'd add to it!
can't remember how many pips loss I need before I go bust,
But it is a lot,

PS all those pips for $20 oh well