How is the "Swap" cost calculated on a trade?

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PennySeven
553
PennySeven  

How is the "Swap" cost calculated on a trade?

What is it?

Eleni Anna Branou
Moderator
8636
Eleni Anna Branou  
PennySeven:

How is the "Swap" cost calculated on a trade?

What is it?

Swap is the interest that you pay (or get paid) in order to keep a position overnight.

Usually every broker has a chart in its website, showing the swap (or rollover as they called) charges and most of the time are shown per 10.000 units of the base currency.

PennySeven
553
PennySeven  
Eleni Anna Branou:

Swap is the interest that you pay (or get paid) in order to keep a position overnight.

Usually every broker has a chart in its website, showing the swap (or rollover as they called) charges and most of the time are shown per 10.000 units of the base currency.

Thank you.
Alain Verleyen
37449
Alain Verleyen  
PennySeven:

How is the "Swap" cost calculated on a trade?

What is it?

You can also check the forum history, you will certainly find a lot of explanation.
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