Quote:
Originally Posted by Maree43  Thanks Raindog, that does make it a bit clearer. Now I just need to find out whether these growing charges will negate the good profit I made in the last week. Have emailed Jerry and awaiting reply. |
If you are with a broker that has horrible swap rates like IBFX, negative for Buy and negative for Sell on the AUDNZD, the accumulated swap grows larger than the potential profit for each open positions. I started RM in a live account with IBFX on 12-15-08 and have AUDNZD positions open since 12-18. The negative swap on those positions is already nearly three times the profit target.
Latest IBFX swap rates:
Pair buy Sell
Standard Accounts:
AUD/NZD -9.98 -5.95
Mini accounts:
AUD/NZD -1.00 -0.60
Peter