Carry Trade Strategy
A personal story...
At the beginning of every month I check the best carry trade opportunities with my Forex broker of choice, GKFX, click HERE and then select "Site Map" and "Swap Rates".
I don't check these rates because I have a particular Carry Trade Strategy, I check them so that I am aware of the best Swap rates on offer for the month ahead. I simply write down the month and the significant Swap rates on a post-it note and stick it to the wall.
If I spot a trading opportunity in two Currency pairs and I only wish to take one position, I will, if it's on my Swap list, take it in that particular Currency pair in preference of the other.
As I mentioned this is not a Carry Trade Strategy, I do not have one. I simply make sure I am aware of these Swap rates and if I can take a trade in one of them I consider it a "bonus" and that's it.
I do not take Carry trade positions just for the Swap rate, I take positions for technical reasons.