Hi all, I hope I wont sould silly by the end of my post, since I expect most of you here might already know this strategy, it's obvious from what I've been reading on here that most of you have benn into forex ages before me and much more knowlegable than I am but still I will share my thoughts.
I'll post the pros of the strategy I am using first:
Pros:
1) 100% risk free.
2) No time needed what so ever, you take the deals once every quarter, in worst case senario you have to check on the deals once every 10 days.
3) No fndementals or technical knowledge needed. The strategy is totally independent.
Cons:
1) 100 pips gained every quarter, which mean you need a decent capital to make decent money.
Basically what I do is at the begining of every quarter I sell the AUDUSD and buy the "future" pair of AUSUSD. they start with 120 pips different by the begining of the quarter and by the end of the future contract the have to kiss.
This goes to all spot and future pairs, but why do I pick the AUD is due to the high interest rate.
So I open an account of 10,000USD and take 4 buys and 4 sells, and keep 2 as a cushion just for the first 14 days cause thats when your account will still be showing (-), and this -ve value will start reducing on daily basis.
The challenges that you might face are:
You need a swap free account, or storage, or islamic account. In many companies you might get a ten days roll over free acount, so when it is the tenth day you will have to close the spot positions and reopen them.
Many compaies might resist and refuse such strategy so what to do then? Simple, open two different accounts in two names in the same company and do one transaction in each, and allow internal transfer from one account to the other.
Or do two account in two different companies and do the same thing.
Additional benifits:
Whenever I get additional profit in the account the account turns to +, I take additional lots, and make use of the remaining gap.
i.e
after 3 weeks with the four sells and four buys I will have about $500 profit, ater detucting the commision and spread, so I take addition 2 mini buys and 2 mini sells and so on. I stop taking additional deals in the last 2 weeks.
I'll post the pros of the strategy I am using first:
Pros:
1) 100% risk free.
2) No time needed what so ever, you take the deals once every quarter, in worst case senario you have to check on the deals once every 10 days.
3) No fndementals or technical knowledge needed. The strategy is totally independent.
Cons:
1) 100 pips gained every quarter, which mean you need a decent capital to make decent money.
Basically what I do is at the begining of every quarter I sell the AUDUSD and buy the "future" pair of AUSUSD. they start with 120 pips different by the begining of the quarter and by the end of the future contract the have to kiss.
This goes to all spot and future pairs, but why do I pick the AUD is due to the high interest rate.
So I open an account of 10,000USD and take 4 buys and 4 sells, and keep 2 as a cushion just for the first 14 days cause thats when your account will still be showing (-), and this -ve value will start reducing on daily basis.
The challenges that you might face are:
You need a swap free account, or storage, or islamic account. In many companies you might get a ten days roll over free acount, so when it is the tenth day you will have to close the spot positions and reopen them.
Many compaies might resist and refuse such strategy so what to do then? Simple, open two different accounts in two names in the same company and do one transaction in each, and allow internal transfer from one account to the other.
Or do two account in two different companies and do the same thing.
Additional benifits:
Whenever I get additional profit in the account the account turns to +, I take additional lots, and make use of the remaining gap.
i.e
after 3 weeks with the four sells and four buys I will have about $500 profit, ater detucting the commision and spread, so I take addition 2 mini buys and 2 mini sells and so on. I stop taking additional deals in the last 2 weeks.
