Day 1:
We have booked $9.67 in interest. (Can provide the breakdown later)
The portfolio equity is currently down around $700-800 due to short-term fluctuations, but this should straighten out in the long-run.
The focus here would be to earn the interest day in and day out. At its current rate, the interest alone should add up to $9.67 * 367 = 3520 per year, with 9 stand lots open. (Currently that is a margin of around $7500 in US, $1875 in UK. Thats around 50% gain for margin in US, and 100% gain in UK, where max leverage is 1:400 for a reputable broker)
Lets see how it goes
Its interesting to see the shift from JPY based crosses to AUD, NZD and TRY based crosses.
We have booked $9.67 in interest. (Can provide the breakdown later)
The portfolio equity is currently down around $700-800 due to short-term fluctuations, but this should straighten out in the long-run.
The focus here would be to earn the interest day in and day out. At its current rate, the interest alone should add up to $9.67 * 367 = 3520 per year, with 9 stand lots open. (Currently that is a margin of around $7500 in US, $1875 in UK. Thats around 50% gain for margin in US, and 100% gain in UK, where max leverage is 1:400 for a reputable broker)
Lets see how it goes
Its interesting to see the shift from JPY based crosses to AUD, NZD and TRY based crosses.