Hello everybody.

I have looked arount the forum a little bit but have not found any thread specializing in currency pair.

I am checking to this pair for quite some time. I am a newbie in Forex, but possess a simple understanding of the market.

So my question to you, the pros, is the following:

If I was to go long (I know, not a very intelligent choice in the moment) - but somewhere in the following months, and decide for a carry trade i.e. maintain the NZD for a lengthier time period.

I've done some calculating and got the following figures:

Investment - 1500EUR
Long two minilots
Daily interest rate (in the momet 7%/365) = ~1,9 EUR
In annually that the interest will be ~714 EUR, which is 48 percent of the initial investment.

This position could be with no stoploss order, because the 1500 EUR would mean that could fall for 1100 pips, which might mean that the value could fall to (if bought at 78,00) 67,00. The value for this pair was 64,32 and lowest this season was 67,77.

In theory if the currency is ranging from lets say 67,00 to 87,00 (max value, as well as max 2006), this position could remain open throughout the year.

A 48% annual income isn't such a bad thing?

Please post your opinions on this notion and feel free to rip it apart, it will save money .

Oh, and I forgot - that the leverage is 400:1.

Any other comments on this pair are very welcome.

Thanks for writing.

Regards.