I'm going to take your advise and use the GBP/CHF. It's much less volatile. I was also thinking I could use 1.5 lots of GBP/CHF and achieve the same profit as GBP/JPY and still be at 1/2 the volatility.
What are your thoughts?
What brokers offer sawp free accounts in the US?
Hedge with other pairs
I try to hedge the GBP/JPY to avoid or to posponed the money transfer from an account to an other.
I Dont made any economic calculation.
I Find that EUR/USD as favorable swap rate and is more or less corelated to GBP/JPY
I try with 1 lot GBP/JPY and 2 lots EUR/USD.
I will made an other try with 1 lot EUR/usd
Currency correlation | Mataf.net
What do you think of that hedging
Anyone still doing this? Is it profitable? I see that some brokers like FXPro provide lower interest on longs than it deducts on shorts, and others like IBFX takes swap fees on both longs and shorts!
I guess this opportunity has dried up?
Is this still working? No replies for a long time.