At intermediate level, carry trading in exotic pairs becomes a serious edge - but only if you understand the dual nature of the carry. Unlik

At intermediate level, carry trading in exotic pairs becomes a serious edge - but only if you understand the dual nature of the carry. Unlike majors where interest differentials are narrow, pairs like USD/MXN, USD/ZAR, and USD/TRY offer yields that can exceed 8–15% annually. That sounds free, but the drawdown risk from sudden capital flow reversals is equally amplified.How Carry Really Works in ExoticsThe carry trade isn't just 'buy high yield, sell low yield.' In exotics, the central bank policy rate directly responds to inflation and political stability. A 300bp rate hike from the CBRT doesn't mean you lock in...