Hello Jasewhite-newbie
I going through the school and the carry trade is interesting.
Whetre can you find up to date interest rate information about the
various major countries?
thanks in advance
jase
The carry trade is not really a viable option to retail traders.
Why’s that? Can you explain please. I am in the same boat as OP.
Depends on what broker you got I know of a few that will close out your trade at 5PM est and reenter you back in as a way of collecting a fee for hold trades over night. Thats when intrest would be paid. Also for the amount of cash we generally have in the market you might get your intrest but loose it on the spread anyway so whats the point. However PP has more experance than me so I am intrested in what he has to say.
Hmmmm… i do carry trade with ibfx. Forex.com also allows you to do so. And so Oanda and Alpari.
Regards.
Thanks for the heads up, I didnt know some brokers do that. I checked with my broker Tadawul and they dont allow carry trades. They said they dont allow ‘swap free accounts’. Time to look for another broker…