Forex Zone - Forex Forum

SWAP term in forex

Discussion started on General Forex Discussion

  • Hero Member
  • Posts: 906
  • Points: 92
  • Likes Received: 64
  • Reputation: +4/-0
maybe this is a fundamental problem but i still don't understand how to do it correctly about this interest rate difference all i know is when a trader stays more than a day they will be charged according to the broker's terms
#106 - August 01, 2021, 10:40:06 PM

  • Sr. Member
  • Posts: 361
  • Points: 508
  • Likes Received: 26
  • Reputation: +2/-0
as far as I understand it is a swap generated from interest rates from various World Banks and interpreted to cost yes when you trade by charging a few percent for the cost of the stay
#107 - August 03, 2021, 08:35:59 PM

  • Hero Member
  • Posts: 9575
  • Points: 59
  • Likes Received: 728
  • Reputation: +10/-20
The swap value can be negative or positive depending on the swap rate and the position taken on the trade. When trading with leverage, swap rates are charged. That is why you are basically borrowing funds to open your positions when you open a leveraged position.
#108 - August 03, 2021, 10:54:16 PM

  • Sr. Member
  • Posts: 356
  • Points: 298
  • Likes Received: 3
  • Reputation: +0/-0
for now it seems that trading without swaps is more attractive than trading using swaps. especially for traders who trade using swing
#109 - August 05, 2021, 10:01:51 AM

  • Hero Member
  • Posts: 677
  • Points: 202
  • Likes Received: 29
  • Reputation: +2/-0
I think swaps are very detrimental especially traders with small capital because it's the same we lose our money little by little so try to find a broker that does not use swaps, because it's better you can search for it on google.
#110 - August 14, 2021, 09:17:09 PM

  • Sr. Member
  • Posts: 471
  • Points: 102
  • Likes Received: 2
  • Reputation: +0/-5
Swap is the cost charged for clients when there is a transaction that must stay, and all brokers seem to enforce it
#111 - August 23, 2021, 10:20:25 PM

  • Hero Member
  • Posts: 612
  • Points: 127
  • Likes Received: 36
  • Reputation: +2/-0
swap provisions in a broker are broker's own policy because many do not use bribes but use commissions or you, so it all depends on the broker you use but if I choose not to use it because I'm not ok with using swap
#112 - August 31, 2021, 03:45:39 AM

  • Hero Member
  • Posts: 1508
  • Points: 333
  • Likes Received: 174
  • Reputation: +20/-8
There are currently available or available Islamic accounts in some brokers that make us no longer need to swap, so we don't need to worry about swap
#113 - August 31, 2021, 01:54:53 PM

  • Hero Member
  • Posts: 750
  • Points: 365
  • Likes Received: 33
  • Reputation: +2/-0
the provisions for the cost of staying at some brokers do exist because indeed the swap fee depends on how long you hold the position when changing days if I will not use swap and I choose a broker that does not have such provisions
#114 - September 01, 2021, 01:21:25 AM

  • Hero Member
  • Posts: 1075
  • Points: 386
  • Likes Received: 8
  • Reputation: +0/-8
swap is applied to a transaction that is not closed and must take place or stay, and all brokers seem to apply the same thing, so everything has a swap
#115 - September 01, 2021, 10:05:40 AM

  • Hero Member
  • Posts: 677
  • Points: 202
  • Likes Received: 29
  • Reputation: +2/-0
The swap provisions of each broker are different in terms of the exact number that can be calculated using mathematics but it would be nice if you didn't choose or use a broker like that because at first it looks normal but over time it can harm yourself
#116 - September 01, 2021, 10:42:49 PM

  • Hero Member
  • Posts: 750
  • Points: 365
  • Likes Received: 33
  • Reputation: +2/-0
the use of swaps in forex trading is indeed in some ways necessary to develop a fluctuation in currency movements. As for the use of swaps in this case, I do not understand clearly about its official use but I will continue to learn
#117 - September 03, 2021, 06:41:18 AM

  • Newbie
  • Posts: 45
  • Points: 47
  • Likes Received: 1
  • Reputation: +0/-0
I'm sure most traders will prefer swap free over swap accounts, especially for traders who often trade in the long term. Try to imagine if you use swap and you hold the position for months, how much swap you will pay.
#118 - September 03, 2021, 11:12:58 PM

  • Hero Member
  • Posts: 583
  • Points: 99
  • Likes Received: 32
  • Reputation: +0/-0
yes, that's true, what I know is that bribes are the costs we pay to pay brokers because we do lodging at the time of the open position, that's all I know so far, maybe I won't want to know because I don't think it's too important
#119 - September 06, 2021, 02:31:50 AM

  • Hero Member
  • Posts: 677
  • Points: 202
  • Likes Received: 29
  • Reputation: +2/-0
I've done this before but I've never tried it what I mean is that when I did but I didn't get to the middle of the road I closed my Open Position because I think using swap is very detrimental
#120 - September 09, 2021, 04:36:20 AM

Members:

0 Members and 1 Guest are viewing this topic.