This month, our forex bots achieved a nice and stable profit. The beginning of the month was a bit challenging, but in the end, everything worked out perfectly. During the first week of February, there was a longer open position, particularly on the USDJPY trading pair. This time, it wasn’t too unfavorable since the interest rate advantage was on our side.
Interest Rates
To dive a little deeper into the advantage of interest rates: when a particular trading pair has a positive interest rate, you receive money over time. This benefit is especially noticeable with a long position on USDJPY and a short position on EURUSD. In this case, I had an extra interest rate advantage of $12 on the USDJPY pair this month due to the longer open positions.
Of course, there’s also a downside. If a short position on USDJPY had remained open for such a long time, it would have cost me money, and I would have needed to compensate for that with other trades. In May/June, I will have been trading Forex for exactly one year, but I had never experienced such an extreme situation before.
In the end, you always hope to close the month or trading period with a positive result and a stable profit.
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