Forex Swap

▪️A forex swap is a commission or rollover interest charged by a broker for extending a trader’s position overnight.
▪️This is the reason why most traders refuse to prolong a deal until the next day.

🔘How to calculate a currency swap?
▪️For instance, a trader wants to keep a position open until the day to follow.
▪️In this case, he has to pay a commission or swap for extending a position overnight.
▪️A currency swap is calculated on the basis of a differential between interest rates.
»Let’s take an example. NZD 1.75% – USD 0.5% = 1.25%.
»This differential should be divided by 365 days, thus we get a percentage value which has to be paid.

Note: A swap could be either positive or negative.

Ask which broker are Swap-Free » @ft113

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