You short AUD and long YEN? It's a lot of interest needs to be paid. But if it is the other way around, u can still earn interest and can sit in a boat and don't worry much.

Always remember the world is a circle. Unless the bank forces u to square after some period (ie 1.5 yrs or 2 yrs). I have my FOREX in HS Bank and it has no time limit for the position. But Citibank will force u to square.

I used to long YEN and short USD in the last 18 months and I paid high interest rate (becoz USD rate was high and YEN had no interest). I sat in the boat for 12 months and finally my boat reached the shore suddenly. Although I didn't loss point in the pairing, but I lost around HK$50K in the interest payment.

Now I have my position to long NZD against YEN recently. I lost some pts, but I am gaining good interest. And I am happy to sit in the boat for years or until the boat reaches the shore. I will not do in the opposite way no matter how confidence I have in my view. I may long more NZD against YEN if it reaches below 78.

引用:

原帖由 peninsula 於 2008-8-6 12:10 發表

I picked the wrong pairing eg. GBP/JPY and AUD/JPY

[ 本帖最後由 b4321 於 2008-8-6 14:10 編輯 ]

引用:

原帖由 b4321 於 2008-8-6 14:07 發表
You short AUD and long YEN? It's a lot of interest needs to be paid. But if it is the other way around, u can still earn interest and can sit in a boat and don't worry much.
Always remember the wo ...

Both pairings are long AUD and long GBP so now getting good interest. Unfortunately, I got in at the wrong time. I have these with securities firms and they can let you sit out as long as you can meet margins.

yes agree +nzd/yen is good deal
and it have been my main source of profits for the past 5 years

buy NZD/yen had gone as high as 90 (now 78.xx) a few months ago
if one had entered the market at this point

his boat is now drifting in the pacific ocean

therefore the same old saying : enter the market at good point

I think b4321's concept is very helpful to new forex margin traders
and may be placed at the top

引用:

原帖由 ces 於 2008-8-6 19:11 發表
arket at t ...

He is a smart trader!