Lahore, Pakistan -- (ReleaseWire) -- 06/26/2014 -- Fotis Papatheofanous is a former hedge fund trader who holds weekly market sessions with the Forex Mentor PRO members in which he shows them how to do fundamental analysis of the currency markets. In the recent fundamental Analysis Session with the Forex Mentor PRO members, he revealed a potentially profitable carry trade opportunity between the EURO and Norwegian Krona (NOK). Anyone interested can try Forex Mentor PRO Program for 7 days for $1 only.
This is what Omar Eltoukhy says: “I was fortunate enough to attend Mr. Fundamental’s recent presentation as he outlined his view on various economic factors greatly affecting our current trading situation. In addition to the excellent analysis he shared with the group, I caught specifically a special trade recommendation that Fotis has found in the sea of otherwise difficult markets. Mr. Papatheofanous highlighted a potential carry trade opportunity he spotted in the interest rate differential and expectation between the Euro and the Norwegian Krona.
For those of you unfamiliar with the term “carry trade”, allow me to summarize. As we know, each currency has value related to that country’s interest rate. Since we trade currency pairs, that involves two separate sovereign governments and their related interest rate. When we buy or sell a pair, we are essentially selling one of the currencies to buy the other or vice versa. When there is an interest rate differential between the two countries, depending on the side of the trade we are on, we are entitled to or liable for any interest accrued during that holding period…”
About Fotis Papatheofanous
Fotis Papatheofanous is a former hedge fund trader and a mentor at Forex Mentor PRO program. He teaches the Forex Mentor PRO Program members how to do fundamental analysis of the currency market.
For more information about the Forex Mentor PRO Program 7 day trial for $1 only, please visit the following website: