Swap is the difference in the benchmark interest rate that applies in each country whose currency is traded on the forex market. Swap is only accepted by traders from overnight positions past midnight (broker server time) and will be determined based on whether the position opened by the trader includes long positions (buy a pair) or short positions (sell a pair). In any pair, the trader must pay interest on the currency sold, and at the same time will receive interest from the currency purchased.
but now the swap is no longer an interesting thing, because now many brokers provide swap-free.
free swap with an Islamic account, if not mistaken because the Islamic religious law prohibits usury systems such as swaps.
brokers also pay attention to religion and they provide policies by creating special accounts.
even though there are traders who use swaps even forbidden trading techniques such as ballance or arbitration trading are very tempting I actually don't like using swaps in transactions.
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