Interest Free forex brokerages?

[casshern_wijaya]

russel,

if i may give a suggestion, there is really a 100% risk free hedging strategy that u talked about.

It's Long GBP/JPY in account that pay interest (since GBP/JPY is the highest paid pair compare to others) and Short it in interest free account. Sure, u need to add more fund to account that Loss so u won't get margin call.

and another hedge strategy that do not need 2 account but have a small risk is Long GBP/JPY and Short CHF/JPY. as long as u have enough fund to hold the negative swing of that 2 pairs, u'll be ok.

If u want more information about this hedging strategy, u can visit this forum http://www.goldenmoneytree.com/forum

They grow money there

 

[parisd]

there are brokers that offer both forexand futures,but the problem with selling the future (instead of spot in an interest free account) is that in the future has already built in its premium the differential if interest up to expiration date, so no money to be made.

Quote from Marsupilami:

Hehe, I was sceptical about this "interest free forex broker" thing right from the start...

But: thinking about IB who offer both futures and forex trading from one account. I know that they do not offer Gold spot trading yet, so let's look at currencies such as NZ against the USD or GBP/JPY for which the CME also offers futures.
Going long on GBP/JPY spot and selling the corresponding future, everything in one account...would that be a solution to the problem of having to transfer money from one account to the other in order to prevent margin calls ?

Greetings,
Marsupilami

 

[parisd]

Your broker will unfortunately not let you short in a interest free account, it cost him money (he has topay the interest for you)and he is not going going to give you that freelunch for very long, even if you are muslim (the reason why interest free accounts exist).

Quote from casshern_wijaya:

russel,

if i may give a suggestion, there is really a 100% risk free hedging strategy that u talked about.

It's Long GBP/JPY in account that pay interest (since GBP/JPY is the highest paid pair compare to others) and Short it in interest free account. Sure, u need to add more fund to account that Loss so u won't get margin call.

and another hedge strategy that do not need 2 account but have a small risk is Long GBP/JPY and Short CHF/JPY. as long as u have enough fund to hold the negative swing of that 2 pairs, u'll be ok.

If u want more information about this hedging strategy, u can visit this forum http://www.goldenmoneytree.com/forum

They grow money there

 

[Preston Forbes]

Quote from ElectricSavant:

The largest part of you gains come from the change in price, where interest earned is a bonus...(there can be a cost of carry too if you trade in that direction)

This interest is quite a nice bonus.
I have calculated that 30% of a years ROI is from interest earned in my trading. Now this may not be the same for other currency traders, but I am a PICS (Positive Interest Carry System) trader with a little discretionary authority added.

Michael B.

I noticed in your last sentecne you wrote PICS and some discretionary authority....could you explain what the methodology is....or is it just as simple as carry trading a currency that trends up longterm because it has the higher premium.

 

[darmaraj]

Here is the website u can find the intrest free broker offer free $5 to start trade.Visit

http://www.freewebs.com/jesnita2/signal

 

[Paliz]

are there any interest free accounts in the states?

 

[scalpmaster]

Anyone still using Marketiva or any other interest free forex brokers to hedge their Carry Trades?

In the "adventures of a currency trader" book, somebody made a big return from this approach....

wonder if traders are still using this lazy method.

 

[acronym]

Nice "continuation spam" got goin there.

Guess i never saw it , but "swiss bankers" being higher risk than us based forex companies, wow , fantastic! Never have picked THAT one.
Late apex was correct, and electric hasnt been around for a while.

What a bizarre thread.

 

[Paliz]

I found out that MGFOREX has an interest free account, does anyone know who else has it? or do you know their regulation and policy? do you have to be a muslim?

 

[parisd]

Acronym,

From where do you get that swiss banks are at higher risk than US forex brokers ???!!!,

Swiss banks are the rolls royce of banking, US forex are unregulated so where should we expect to be scam ?

may be a scam pretend to be located in switzerland or in the USA, that's an other story.

Quote from acronym:

Nice "continuation spam" got goin there.

Guess i never saw it , but "swiss bankers" being higher risk than us based forex companies, wow , fantastic! Never have picked THAT one.
Late apex was correct, and electric hasnt been around for a while.

What a bizarre thread.