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Carry Trading USDTRY (Turkish Lira)
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FX Carry Tradeing Systems and Strategy
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TOPIC: Carry Trading USDTRY (Turkish Lira)

Carry Trading USDTRY (Turkish Lira) 2 years, 9 months ago #155

  • drgoodvibe
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Current interest rate of USDTRY on the sell side is 5% you can find current interest rates here.

Having said that in OANDA (the broker I currently use) is offering 5.25% for the borrow rate. This makes carry trading USDTRY Forex pair extremely interesting at this time.

You can see how much interest is gained daily using this currency interest rate calculator here.

At the time of this writing OANDA currenty offers $0.13 per day for every 1000 units short.

This means that we're looking to maximize our leverage short over an extreme long term in order to gain as much interest per day as possible -- at the same time trying to gain some capital gains as well (although that's not the point really).

As with all carry trading strategies one must be extremly careful -- managing risk and positions across very long time scales is very important.

This thread contains a daily log of all trading of the USDTRY.
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