Hello all,
This is my first post on T2W.
I'm very new to investing and haven't really had any real world experience apart from back testing a few strategies and a bit of demo trading. I have had reasonable success with a few back-tested strategies but I often find their success begins to fade over an extended period of time or either they only appear to be successful on one or two currencies. At the same time I haven't necessarily felt these strategies to fit in with what I'd want to be my trading style.
I've since come across a forex concept that has been intrigued called "carry trading". Unfortunately I haven't been able to find much information on this and otherwise a lot of the information I have found has suggested that it is no longer a viable trading strategy. To me it seems like a fairly logical trading strategy since you are profiting from both interest and price movements.
I was therefore interested if there are any Forex traders on this forum that are using or either have used this trading strategy in the past and could possibly providing me with a little more info?
Sorry if this does seem like a bit of a trivial question but the concept has sparked a little interest but doesn't seem to have much viable resource material apart from a few investopedia articles.
This is my first post on T2W.
I'm very new to investing and haven't really had any real world experience apart from back testing a few strategies and a bit of demo trading. I have had reasonable success with a few back-tested strategies but I often find their success begins to fade over an extended period of time or either they only appear to be successful on one or two currencies. At the same time I haven't necessarily felt these strategies to fit in with what I'd want to be my trading style.
I've since come across a forex concept that has been intrigued called "carry trading". Unfortunately I haven't been able to find much information on this and otherwise a lot of the information I have found has suggested that it is no longer a viable trading strategy. To me it seems like a fairly logical trading strategy since you are profiting from both interest and price movements.
I was therefore interested if there are any Forex traders on this forum that are using or either have used this trading strategy in the past and could possibly providing me with a little more info?
Sorry if this does seem like a bit of a trivial question but the concept has sparked a little interest but doesn't seem to have much viable resource material apart from a few investopedia articles.