Quote:
Originally Posted by lycan  I'm talking about taking rates into consideration because the rates, in essence, change the real price of a currency over time. If you trade for example AUD/JPY, the longer you hold the position, the higher the real price of the Australian dollars you bought/sold will be in yens relative to the nominal quote price. This is to be taken into consideration in the process of averaging down longs and averaging up shorts. The point is not to hunt for yield. The nominal yield is an illusion. The point is to not neglect the impact of the difference in rates. |
So if you buy this pair you think you'll make money over the long term?
Do you actually think the interest rate differential will offset the loss from the trade going against you? And with no stop loss do you plan to keep whipping out the credit card to feed your margin requirements?
And you have been on here telling us all 'how it is' and criticising people who use stops as 'not knowing what they're doing'?.....
Quote:
Originally Posted by lycan I've wasted too much time talking about a subject that I am no longer interested in, just out impulse. For the record, I don't plan to make any more posts here. |
This is the first intelligent thing you've posted in this thread. Please stick to it.