Swap Rates
Swaps refer to the interest you pay or earn on any orders you keep open overnight. They are also known as rollover fees. Essentially, a swap is the interest rate difference between the currencies in the pair you’re trading, and is credited or debited, depending on the position you’re holding.
What You Need To Know
Before you start, you must understand all the costs associated with trading. Especially if you plan to keep trades open long-term. That way, you can adjust your strategy accordingly.
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