claudevandam
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Hello all, It seem like a swap fee is charged when you keep a position open overnight. my question is how is that calculated? how can some know the fee of a position before even open it? thanks
difference in interest rates+broker markup multiplied on your position. But you can find exact formula in the internet or use swap calculator like this https://www.hotforex.com/hf/en/forex-web-tools/swaps-calculator.htmlHello all, It seem like a swap fee is charged when you keep a position open overnight. my question is how is that calculated? how can some know the fee of a position before even open it? thanks
difference in interest rates+broker markup multiplied on your position. But you can find exact formula in the internet or use swap calculator like this https://www.hotforex.com/hf/en/forex-web-tools/swaps-calculator.html
Thank you for your comment, for me it is very useful![]()
Nope it is general formula I remember it from my university studies. Basically the underlying principle of swaps is simple - receive interest on the currency you hold, pay interest on the currency you sell minus the costs from parties involved in organising trade (i..e broker)It should be mentioned that this calculator is only valid for hotforex.
There is a new trend of swap free accounts which can be accessible to those who does not wish to pay swap and preferably the Muslims can avail them.
Hello all, It seem like a swap fee is charged when you keep a position open overnight. my question is how is that calculated? how can some know the fee of a position before even open it? thanks
its a good reply with nice information , thanks for your nice post.Interest spreads are calculated at 4:59 pm New York time while the SmartTrader trading platform calculates at 11:59 pm calculated by the MetaTrader trading platform at the same time (GMT + 2). Therefore, interest spreads on transactions initiated by clients will be held before 4:59 pm New York time and will continue thereafter.