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Originally Posted by apfx
Brokers are not there to give money away. Those who offer interest free acc. (Islamic accounts) will charge a daily commission to offset the rollover cost. and the others probably might simply limit your exposure or close your short positions on high yielding curr. to make sure they do not loose anything. + the questionable safety of funds.
In total it turns out to be a high risk strategy.
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I like the original strategy as discussed by hedg4x. Problem is: How long is it going to take the broker to see that you are only trading the GBP/JPY? How long before the broker picks up your trading pattern? ( Doing the same kind of trade everytime you enter the market).How long before the broker notice that you are topping the account up? ( You have to do it every now and then , because you cannot win all your deals at one broker). Here is something more negative towards this aspect af trading: All brokers gaurantee their clients privacy, but what if all brokers share a common database of their clients to see if clients have accounts at more than one broker. If this is true they can easily share information and therefore track your moves down. The reason i say this is on Wikipedia i saw a forex article on "arbitrage" and how easily brokers identify those who are doing it. It is said that brokers know how to "deal" with those traders.
I am not negative. I think one should just get all the facts before jumping into it.