Carry trade

Beginner Questions
1

I am newbie to forex and have just “graduated” from babypips school. Thanks to the fxmen for making learning forex so much fun!

I would like to ask here currently what is the best pair for carry trade? And where can i find out the current interest rate for each currency? Is there a site which listed all the major currencies interest rate?

2

right now the GPB/jpy
and NZD/JPY are the two picks

Id do your analysis well, some are expecting the paris to reverse, as seen with the more recent correction in 2 weeks ago.

N

3

the carry trade seems to be a profitable root provided you do your due dilligence.

4

Thanks for the tips :smiley: . What about the second questions: where can i find out the current interest rate for each currency?

5

Oanda provides the ones they use here:
https://fx1.oanda.com/user/interestrate.html

6

hey…how do u calculate the interest rate (difference for a carry trade) say for USD/JPY. Could u give an example? Whats the best minimum amount of money to be place for carry trade. Thank you. The newest newbie at this point.

7

Let say USD rate is now 5.00% and JPY rate is 0.25%, since you are actually borrowing JPY to trade in USD, you have to pay the 0.25% and get in 5.00%. In net, you will be getting 4.75% (5.00-0.25).

I am also still new here, just trying to help. Fellow seniors please correct me if i am wrong. For the second question, i think i have to leave it to the senior traders here. :slight_smile: