Constantino
Recruit
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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?
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?
