Swap charges
Jul 03, 2020 at 10:47
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5 Replies
Member Since May 06, 2020
7 posts
Jul 03, 2020 at 10:47
Can someone please explain the concept of swap charges in forex in detail? How do they calculate that?
Member Since May 06, 2020
1 posts
Jul 06, 2020 at 05:23
A swap/rollover fee is charged when you keep a position open overnight. A forex swap is the interest rate differential between the two currencies of the pair you are trading, and it is calculated according to whether your position is long or short.
Member Since Jul 09, 2020
32 posts
Jul 17, 2020 at 07:33
Swap is charge or interest which your broker charges or pays you for holding trading positions overnight to the next forex trading day.
Jul 17, 2020 at 10:45
simmonjoshua posted:
Can someone please explain the concept of swap charges in forex in detail? How do they calculate that?
Swap fee is charged on keeping the position open for overnight. It is based on the interest rate differential. Swap calculators are given by the brokers on their websites. It's better not to keep your position open for overnight to avoid swap charges.
Member Since Jul 23, 2020
696 posts
Jul 31, 2021 at 18:00
I use swap free account to avoid swap.
Member Since Jul 23, 2020
816 posts
Aug 04, 2021 at 09:56
It is an overnight charge if you hold a position. I prefer swapfree account because of that.
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