Gamblers carry trade system | Forex Factory

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Gamblers carry trade system

  • #1
  • First Post: May 4, 2008 2:55pm May 4, 2008 2:55pm
Here is my system for carry trading

Open an account with two brokers. One that does pay interest on the GBP/JPY pair and one that does not charge interest on the GBP/JPY pair. Buy at the broker that pays interest and sell at the other broker.

Does anyone know how much it is possible to earn each year with this system if you ad new positions every time you have earned enough swap to open a new position?

Edit: Margin calls does not matter much because when you get a margin call at obe account you have earned the same as you have lost on the other account. If you get a margin call you just have to transfer half of your money from the one broker to the other and then you are back in business.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #2
  • May 4, 2008 3:13pm May 4, 2008 3:13pm
Quoting Gambler180
Here is my system for carry trading

Open an account with two brokers. One that does pay interest on the GBP/JPY pair and one that does not charge interest on the GBP/JPY pair. Buy at the broker that pays interest and sell at the other broker.

Does anyone know how much it is possible to earn each year with this system if you ad new positions every time you have earned enough swap to open a new position?

Edit: Margin calls does not matter much because when you get a margin call at obe account you have earned the same as you have lost on the other account. If you get a margin call you just have to transfer half of your money from the one broker to the other and then you are back in business.
This is not new, is should be 100% hedge using 2 account.
You have to look for non interest with 1 account.
Patience, let the market come to you!
  • #3
  • May 4, 2008 3:17pm May 4, 2008 3:17pm
Quoting dashisiong
This is not new, is should be 100% hedge using 2 account.
You have to look for non interest with 1 account.
Yes I know that but how much can I earn with this method if I start with 10k? I know that the swap for one minilot at ibfx for GBP/JPY is $2.2178 but how much is one minilot. How much money do I need to trade a mini account.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #4
  • May 5, 2008 12:04pm May 5, 2008 12:04pm
Hope this puts an end to this sort of theads.

There are a few brokers that offer zero swap accounts. The most popular probably being crownforex (CF). CF and the likes always say they reserve the right to charge you all of the swap you have incured and take out your positions at any given time.

This means that if you do this continuously and with a good sum of money, they will charge all of the swap you have made them pay for you at one point or another.

Therefore, this 'arbitrage' does not exist. Otherwise all hedge funds, investment banks etc would be raking in free money.
  • #5
  • Edited 3:05pm May 5, 2008 2:28pm | Edited 3:05pm
Quoting jeta
Hope this puts an end to this sort of theads.

There are a few brokers that offer zero swap accounts. The most popular probably being crownforex (CF). CF and the likes always say they reserve the right to charge you all of the swap you have incured and take out your positions at any given time.

This means that if you do this continuously and with a good sum of money, they will charge all of the swap you have made them pay for you at one point or another.

Therefore, this 'arbitrage' does not exist. Otherwise all hedge funds, investment banks etc would be raking in free money.
Marketiva has zero interest policy and they say I can hold on to a position for a year. If you use marketiva and a broker that does pay swap you can make a carry trade
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #6
  • Last Post: May 5, 2008 6:26pm May 5, 2008 6:26pm
I have spoken to marketiva about that. Ask them again. This time emphasis that you are going to do that with a large sum of money and you are planning on only sell GBPJPY or swap charging currencies.

They will tell you that if you abuse the swap free account, you will be charged it at some point. Ain't that going to be a low blow?

Make sure you clear things up with them completely and also ask them for explicitly written statement.

This out this: Someone has to pay the swap, and if it a significant amount, and they see what you are doing, I guarantee you, it is not going to be the broker that pays for you to make money.
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