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But for example if you short the CAD agains MXN, you get 10 pips daily added to your account...
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Disliked{quote} I am talking about POSITIVE swap rates, yes it can exists, even if its rare right now because of general economy forcing banks to have super low bank rate. But for example if you short the CAD agains MXN, you get 10 pips daily added to your account...Ignored
DislikedHonestly I hate swap especially the negative ones, I mean there is really no point in taking such tension when you know you dont gain anything. It is certain that on pairs like EUR/USD or EUR/JPY we have to pay swap, so i better off having swap free account then stupidly accept to pay swap. I use swap free account with OctaFX broker and that just keeps my mind steady, as I cant take it with unnecessary charges whether for deposit/withdrawal or swaps.Ignored
DislikedDo brokers have an issue with swap trading strategies in general? I am with IC Markets and they have good swaps. I think about a wednesday triple swap trading method, where I open and close a position just for a few minutes (as short as possible) and just take the positive swap real quickly. It worked a few times already. Are there any downsides to this system?Ignored
Disliked{quote} That sounds interesting Tracker70, care to share a bit more detail about this method?Ignored
Disliked{quote} You open a position which has a positive swap (for example EUR/USD short) just before the 3 day (wednesday) swap is calculated and close it after the swap has been added. The swap should of course exceed the provisions + spread on your broker. In my case it does. Market movement, if there is any at this time, is neutral (meaning it can go both ways, therefore doesn't matter on the long run). As I said I tried it already a few times and it worked. So I don't see what could go wrong. On the other hand it seems so simple and obvious, that I...Ignored