I have been waiting for this setup for a while. EURTRY pays a 10% annual swap fee, roughly.
Do not try to leverage a position like this.
Euro is a better way to play the Turkey long, as Euro funding rate is higher.
Please beware this is more risky than a usual FX trade because it is emerging market currency in a strong downtrend.
Disclaimer: Not a financial advisor, this is a public trading journal and educational tool. This means I am not recommending you buy or sell anything. I am only showing you what I think will happen and what I am doing. By viewing this statement you have been fully informed that the opinions in these videos, if acted upon due to your own willingness, could lose you money.
Looking to do professional analysis and create ideas for professional traders, banks or hedge funds with investment capital above USD 1million. I have been trading the Euro 0.16% and stock indices for 50+ hours a week since 2011.
Do not try to leverage a position like this.
Euro is a better way to play the Turkey long, as Euro funding rate is higher.
Please beware this is more risky than a usual FX trade because it is emerging market currency in a strong downtrend.
Disclaimer: Not a financial advisor, this is a public trading journal and educational tool. This means I am not recommending you buy or sell anything. I am only showing you what I think will happen and what I am doing. By viewing this statement you have been fully informed that the opinions in these videos, if acted upon due to your own willingness, could lose you money.
Looking to do professional analysis and create ideas for professional traders, banks or hedge funds with investment capital above USD 1million. I have been trading the Euro 0.16% and stock indices for 50+ hours a week since 2011.