Alright, I am going to update the trail Demo account on using positive swap to make money from the forex market.
Demo Account Deposit: US$100,000.00
Account started Date: 23-Feb-2021
Currency Pair Traded: EUR/TRY (Euro vs Turkish Lira)
Total Positions Opened: 13 Short
Total Accumulated Positive Swap: US$123,514.20
Total Loss Trades: US$52,840.08
Total Profit Trades: US$148.20
Total Profit/Loss (after adding-in accumulative positive swaps): US$70,822.32
Average Daily Positive Swap: US$4,634.00
Percentage(%) Representation of US$100,000.00: 4.634% Daily
If the 13 opened positions are allowed to run from now for:
1 month (30 Days) : 139.020% = US$ 139,020.00
3 months (90 days) : 417.060% = US$ 417,060.00
6 months (180 days) : 834.120% = US$ 834,120.00
9 months (270 days) : 1,251.180% = US$1,251,180.00
1 year (365 days) : 1,691,410% = US$1,691,410.00
These are ONLY for the accumulative positive swaps between now and the time period which is to be either added or subtracted from potential profits or losses from the 13 opened positions, and also the accumulated positive swaps to date.
Receiving US$1,691,410 profits on a US$100,000.00 trading account is not too shabby; correct? And no need to carry out hours of analysis & researches and getting confused with all the noises from "experts". Just follow the news closely on Turkey and the EU for any potential disastrous new developments.
As mentioned in other post, I did try out this strategy some years back, and it was working as expected but I totally messed up the account when I grew impatient and started making other currency pair trades. As also mentioned in other post, after the 2-3 months trial period is over on this Demo account and it can be confirmed that this strategy is workable, I plan to start a real live trading account and will have to control my impulsiveness.
It must be noted that the Turkish Lira is a high risk currency due to the unstable political situation in Turkey, but this strategy can be applied to other less risky currency pair like the EUR/USD (and other currency pair) which has daily positive swap for "short" position. Of course, the daily swap value will be very much lower compared for EUR/TRY.