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Bunyip,You have made a good point above with respect to spread. For the longer term fx trader an extra pip here or there, or the width of the spread, lessens in significance in the bigger scheme of events.One aspect you didn't mention previously with longer term fx trades is with respect to the interest received when you are interest +ve in terms of the interest rate differential between the currency pairs traded. The converse is also true where interest is paid when you are interest -ve.This adds up through time and hence why some longer term traders try to be interest +ve whenever they can and receive the extra amount based on the swap rate.Mongoose has made reference to the above points over on reef a few times.Can,Long time no see. Think I read somewhere that you had been making more headway on the trading front. Keep up the positive work.Cheers.
Bunyip,
You have made a good point above with respect to spread. For the longer term fx trader an extra pip here or there, or the width of the spread, lessens in significance in the bigger scheme of events.
One aspect you didn't mention previously with longer term fx trades is with respect to the interest received when you are interest +ve in terms of the interest rate differential between the currency pairs traded. The converse is also true where interest is paid when you are interest -ve.
This adds up through time and hence why some longer term traders try to be interest +ve whenever they can and receive the extra amount based on the swap rate.
Mongoose has made reference to the above points over on reef a few times.
Can,
Long time no see. Think I read somewhere that you had been making more headway on the trading front. Keep up the positive work.
Cheers.
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