I just found out that FXDD has added USD/TRY to their list of available currency pairs. It is a rather obscure pair but nonetheless probably some of you who may wish to trade it. By the way, the interest rate on the Turkish lira is very high! This is perfect for all you carry traders. The interest rate happens to be somewhere near the 17% mark! Here is an interesting article I’ve found about TRY carry trading (such as the TRY/CHY carry trade)
FXDD News release:
Dear FXDD Customer,
We are now offering pricing in the US dollar versus the Turkish Lira. The symbol is USDTRY on your Metatrader 4 platform.
To access the quote, you will need to go to the “Market Watch” window in Metatrader 4, put the cursor anywhere in the window and right click. A window will open with different options. One is “Show All”. If you click on this option, the pair will be added as a tradeable currency pair. Charts will also be available.
Happy trading everyone.