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GBP/TRY 25% 2.5k per lot monthly, Interest rate hedge in islamic account.

Discussion in 'Forex Trading Systems and Strategies' started by Constantino, May 6, 2019.

  1. Constantino

    Constantino Private

    Joined:
    Feb 26, 2019
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    My idea:

    The Turkish Interest rate is massive.

    A sell GBPTRY position of 1 lot has a return of 80USD Daily! That's 2.5k a month!

    However GBPTRY is extremely volatile and we might lose our money because of depreciation! So we HEDGE with another buy GBPTRY position.

    However hedging with a buy GBPTRY position will lead to a negative interest rate of -80USD daily. So we open this buy GBPTRY position in an islamic swap free account.

    What do you guys think?
     

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