How is the "Swap" cost calculated on a trade?
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.
Eleni Anna Branou:
Thank you.
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:
You can also check the forum history, you will certainly find a lot of explanation.
How is the "Swap" cost calculated on a trade?
What is it?
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How is the "Swap" cost calculated on a trade?
What is it?