SWAP in foreign exchange refers to the interest charged on an overnight transaction.
SWAP is charged daily for all open positions after the end of the trading day. There are two types of SWAP: long SWAP (used to keep long open positions overnight) and short SWAP (used to keep short positions open overnight).
They are expressed in each batch of points and vary according to the financial instrument you are trading.
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Comment by Damian F.
December 20, 2023
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