Another trading example of a long term Forex strategy is the Carry trade. This strategy makes the Foreign exchange trader using the interest rate differentials that exist between the different Foreign exchange pairs. Thus , the difference in rate between Yen japanese and Australian Dollar for many years very large. At present, the 3.65% difference in favor of the dollar australian. If you have a position in a forex pair and you keep this position open, the interest on which position daily settled by the forex broker. That means in the case of long position in AUDJPY to receive a daily rate of 3.65% over the position. That may seem expensive. any interest in a saving account that you can get washed out in any case
Investing in currencies is certainly possible, but if you have the options and turbo's the best thing about online investing is, forex trading will completely suit you.
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Forex is simple follow the trend and you will rich.
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