What is swap?

[[Deleted]]

Hello all

I had a trade open for few days in minus, and i had swap -16,50 there, how come?

Thank you

[Ray]

That is an interest payment, typically calculated if your position is open at 5:00pm New York time.

If your trade were the other direction (say BUY instead of SELL) you could receive a payment.

[[Deleted]]

phy wrote >>

That is an interest payment, typically calculated if your position is open at 5:00pm New York time.

If your trade were the other direction (say BUY instead of SELL) you could receive a payment.

Thank you for the reply:)