My expertise is in stock trading. only can use margin account with smaller leveraging compared to FX.
Long term is one thing, luck and timing is another thing. we knew it.
i saw ur chart, no diff from stock. but buy at 0.90 really need to wait long long
QUOTE(Soros007 @ Dec 19 2012, 04:00 PM)
Bro Noblebaby,
Just to share. Recently i just closed a contract (personal trade).
Bought AUD at 0.97+ (Jun) and sold at 1.04 (Aug) = (1.04-0.97) x USD 2mil = USD140K profits + carry trade (gross of 3.25%-0.25%) = 3.0% x USD 2 mil x 2.5 mths = USD 12K+ as interest gained only
p/s; Leverage of 1 to 10.
If we have patient in FX and treat it as long term investment, can make some fairly good money too however it's not suitable for everyone la.
Just my 2 cents la....
This post has been edited by noblebaby: Dec 19 2012, 04:11 PMJust to share. Recently i just closed a contract (personal trade).
Bought AUD at 0.97+ (Jun) and sold at 1.04 (Aug) = (1.04-0.97) x USD 2mil = USD140K profits + carry trade (gross of 3.25%-0.25%) = 3.0% x USD 2 mil x 2.5 mths = USD 12K+ as interest gained only
p/s; Leverage of 1 to 10.
If we have patient in FX and treat it as long term investment, can make some fairly good money too however it's not suitable for everyone la.
Just my 2 cents la....
Dec 19 2012, 04:09 PM

Quote









0.0838sec
0.53
7 queries
GZIP Disabled