What is Forex swap fee?

For traders who choose to keep their positions open past this point, the swap fee is automatically applied to their accounts. The amount of the fee can vary depending on the currency pair, market conditions, and the trader's position size.

It's important for traders to be aware of the swap fees associated with their trades, as they can significantly impact the overall profitability of a position. Some traders may even incorporate swap fees into their trading strategies, using them to their advantage.

In the world of Forex trading, a swap fee, also commonly referred to as a rollover fee, represents an interest charge levied on traders for holding a position open beyond the trading day's conclusion.

This fee is a direct consequence of maintaining a position at the daily rollover point, a predetermined time when all open positions are subject to a settlement process. Typically, this occurs at 00:00 server time, also known as "tomorrow next."

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