New to carry trade, but this seems too easy to be true..., please comment on the following Carry Trade :
1. Long Highest yielding pair . ( AUDJPY)
2 To avoid exchange rate swings....Hedge with Highly Correlated pair offering lower yielding interest ( CADJPY)
thats it.
or is it ???????
http://cdn.forexfactory.com/images/misc/progress.gif
1. Long Highest yielding pair . ( AUDJPY)
2 To avoid exchange rate swings....Hedge with Highly Correlated pair offering lower yielding interest ( CADJPY)
thats it.
or is it ???????
http://cdn.forexfactory.com/images/misc/progress.gif
Buy low , Sell high