I have been visiting the site for about a week and I have finished the “School of Pipsology” and I am very grateful for all of you that dedicated your time and hard work to putting this information together.
As you have no doubts I a newbie and it looks like I have A LOT to learn!
I do have a quick question though on the Carry Trade, if you earn interest on pairs by borrowing a currency at a lower % rate and buying at a higher % rate and the difference gets deposited into your account at market close 4pm EST. What’s to stop someone from going in at 3:59PM EST and just closing the order out at 4:01 EST just to make the % spread?
I know it can’t be that easy, so what am I missing?
If it is that easy, what are the risks of doing that?
Thank you again for all of your input and efforts in this arena!!