I have come out with a CARRY TRADE plan of TRY/JPY
where i trade
EUR/JPY---LONG(100,000unit)
EUR/TRY--SHORT (100,000unit)
exposure===
short----------JPY-----16,186,300yen=====140,926.90USD
long-----------TRY-----173,723Lira=======145,136.85USD
Nil-------------USD-----0===============0
in OANDA, this would require around USD8500 margin ,
interest ==USD60++/day
gain==60/20000===0.3%/day
1year gain ==0.3x365===109%
since all JPY pair are very volatile...
i'm wondering, can my USD20K last me for a year while surviving all the SWING in the mean time ? available margin left==USD11K++
i'm considering pumping in around USD2000 to try 10% 1st ...
any comment or advice from expert ?
Pls include critism (don;t worry, i can take it), i might miss out something that is very critical from the view of expert/professionals....
thanks..
where i trade
EUR/JPY---LONG(100,000unit)
EUR/TRY--SHORT (100,000unit)
exposure===
short----------JPY-----16,186,300yen=====140,926.90USD
long-----------TRY-----173,723Lira=======145,136.85USD
Nil-------------USD-----0===============0
in OANDA, this would require around USD8500 margin ,
interest ==USD60++/day
gain==60/20000===0.3%/day
1year gain ==0.3x365===109%
since all JPY pair are very volatile...
i'm wondering, can my USD20K last me for a year while surviving all the SWING in the mean time ? available margin left==USD11K++
i'm considering pumping in around USD2000 to try 10% 1st ...
any comment or advice from expert ?
Pls include critism (don;t worry, i can take it), i might miss out something that is very critical from the view of expert/professionals....
thanks..