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7 Winning Strategies For Trading Forex: Real and actionable techniques for profiting from the currency markets by Grace Cheng

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10: Strategy 6 – Carry Trade

Is it possible to earn some passive income while you hold certain currency positions over a period of time? The spot forex market offers just that opportunity. The Carry Trade Strategy is a popular way of trading the global forex market, and is a strategy highly favoured by large financial institutions such as hedge funds, pension funds and banks. What makes carry trades so desirable is the possibility of earning interest, which is a unique aspect that traders – both big and small alike – can take advantage of.

All currencies in the world have interest rates attached to them, and these rates are decided by each country’s central bank. For example, the Federal Reserve Bank in the US determines the country’s interest ...

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