RahmanSL
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Yesterday, Friday 9/May/2014, I transferred AUD500 to refund a live trading account.
Broker: ICMarkets(AUD)
Currency: Australian Dollar
Deposit: AUD500.00
Leverage: 1:500
Account opened under an IB and so received discounted commission charges on every trade.
Attachment screenshot attached for viewing and I will update on progress as necessary.
As shown in trading account screenshot, two 0.05 size "sell" positions on USD/ZAR have already been opened and have received daily AUD1.29 daily positive swaps per position x 2 positions= AUD2.58 ......which is 0.52% over total deposit
If I leave just these 2 positions (6 more pending orders) running for one year, total daily positive swaps will accumulate to AUD941.70 after 365 days..........this will be equal to 88.34% increase over deposit.
Wonder which bank on this third rock from the sun pays such interest rates?????????
===================================
If at any time that profit/loss + accumulated swaps = more than 1 month swap rate (i.e AUD1.29 x 30 days=AUD38.70), I will close out the position(s) to increase account size.
I will put in pending order(s) to short the USD/ZAR again at the previous or slightly higher levels and have one month for the pending order(s) to be triggered.
This system should "fast track" account size which will not have to take a full year to realize 88.34% increase over deposit money.
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Weekly Updates:
Starting account date: 9/May/2014
Total trading days to date (30/May/2014): 16 days
Starting account size: AUD500.00
Total account balance to date(30/May/2014): AUD1,185.48
Percentage increase to date: 137.10%
Total Open Trades running: 16 ....Type: USD/ZAR shorts
Total Daily Swap Value: +AUD14.24.....Total Accumulated Daily Swap Value if left running for 365 days (1 year): AUD5,197.60
Broker: ICMarkets(AUD)
Currency: Australian Dollar
Deposit: AUD500.00
Leverage: 1:500
Account opened under an IB and so received discounted commission charges on every trade.
Attachment screenshot attached for viewing and I will update on progress as necessary.
As shown in trading account screenshot, two 0.05 size "sell" positions on USD/ZAR have already been opened and have received daily AUD1.29 daily positive swaps per position x 2 positions= AUD2.58 ......which is 0.52% over total deposit
If I leave just these 2 positions (6 more pending orders) running for one year, total daily positive swaps will accumulate to AUD941.70 after 365 days..........this will be equal to 88.34% increase over deposit.
Wonder which bank on this third rock from the sun pays such interest rates?????????
===================================
If at any time that profit/loss + accumulated swaps = more than 1 month swap rate (i.e AUD1.29 x 30 days=AUD38.70), I will close out the position(s) to increase account size.
I will put in pending order(s) to short the USD/ZAR again at the previous or slightly higher levels and have one month for the pending order(s) to be triggered.
This system should "fast track" account size which will not have to take a full year to realize 88.34% increase over deposit money.
===========================================================================================
Weekly Updates:
Starting account date: 9/May/2014
Total trading days to date (30/May/2014): 16 days
Starting account size: AUD500.00
Total account balance to date(30/May/2014): AUD1,185.48
Percentage increase to date: 137.10%
Total Open Trades running: 16 ....Type: USD/ZAR shorts
Total Daily Swap Value: +AUD14.24.....Total Accumulated Daily Swap Value if left running for 365 days (1 year): AUD5,197.60
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