>>>>. Out of all the money I made on the long AUD/JPY position while I had it, only about 10% of my profit was from interest payments. The other 90% was from the price appreciation. <<<<
Wow that's amazing. I wonder if that is more about timing and when you decided to do this. I wonder if you started to do it a few years ago when you could have caught the trend of Japan lowering their interest rates or at least keeping it just above zero if that would have made a difference. You could have just sat on the position for years. I had heard of the carry trade a few years ago but didn't know how mere mortals could have taken advantage of it.