1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

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

    Feb 26, 2019
    Likes Received:
    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?

Share This Page