Questions on carry trade strategies

I want to start doing some tests on demo, and I have some questions.

Does anyone make money with carry trade?
What is the recommended minimum capital?
What are the best pairs?

thanks

not pro, but since there isn't many answers, let me take a shot at it

1. your broker, for sure, on the commission, and swap rate.
seriously, EURCHF was the no risk, fail-proof carry trade, that many banks used and touted to their clients...until it just wasn't. in my country were large funds that lost up to 18% of their capital on it, and not because 500:1 leverage...JPY is just as micky mouse currency as CHF...both gets plenty intervention time to time from their central bank.
2. due the above, that anything can happen, the larger then better, and sensible leverage.
3. any high interest vs. low interest pair...preferable with less intervention and pegging. need to see also what the sap rate that your broker offer vs. other brokers for the same pair. one would think it is similar...not!

+1 you mentioned wanting to trade for a living. let me reiterate my advice on that thread: focus!! for the time being demoing new ideas might not be the thing to do, you will need to focus on what you already have and works! ( if you have such. if not, then how would you want to trade for living anyway?).

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hey joss.... swap trades come in cycles..... we are on the downhill side now..... once the audusd and nzdusd both hit 0.50, the cycle will probably reset and begin again.....

a few years ago there was at least one person here that lived off the audjpy swap.... she had a fair size account balance.... along about that time i was trying to make at least 100$ a day in swap if the trend allowed the trade.... that required about 15 standard lots which would put the 50:1 margin minimum account size around 40k.....

times change..... swaps on the preferable pairs have fallen and might continue to fall for another 12 months.... this has put the daily and weekly trends against the swap trade.... that renders swap almost meaningless....

you must have the pair moving in the swap trades direction or at least threading water.... countertrends are the roads to the poor house.....h