A forex swap is when you keep a trade open overnight.


- Swap Short:

Keeping a Short position open overnight.


- Swap Amount 

Will vary depending on which pair you choose.

- Reason

It depends on the difference in the interest rates of the central banks of the 2 currencies in the pair.


- Calculating Swap Short

(One Point X Trade Size X Swap Short in Points.) 

 

Example for GBPUSD: 0.00001 100,000 3.43 

= $3.43

 

This means you would receive $3.43 for keeping 1 lot of GBPUSD overnight. 

 

- One Point =

0.00001 in GBPUSD as a point is the last digit in the price. 

 

Trade Size = 

Lots 100,000 (Contract Size) 

= 100,000 

 

Swap Short in Points = 

3.43 on a Sell position on EURUSD. 


Mobile app  

You can check the swap amounts for different instruments by going to "Symbol Properties". 

All you need to do is hold your finger down on the Pair you would like to see.


Desktop app

You can check the swap amounts for different instruments by right-clicking on a pair in the Market Watch window and select "Specification". 

 

"The 3x swap charge day can depending on which pair you choose." 



Swap Long

Keeping a Short position open overnight.


- Swap Amount 

Will vary depending on which pair you choose.

- Reason

It depends on the difference in the interest rates of the central banks of the 2 currencies in the pair.


- Calculating Swap Short

(One Point X Trade Size X Swap Short in Points.) 

 

Example for GBPUSD: 0.00001 100,000 3.43 

= $3.43

 

This means you would receive $3.43 for keeping 1 lot of GBPUSD overnight. 

 

- One Point =

0.00001 in GBPUSD as a point is the last digit in the price. 

 

Trade Size = 

Lots 100,000 (Contract Size) 

= 100,000 

 

Swap Short in Points = 

3.43 on a Sell position on EURUSD. 

Mobile app  

You can check the swap amounts for different instruments by going to "Symbol Properties". 

All you need to do is hold your finger down on the Pair you would like to see.


Desktop app

You can check the swap amounts for different instruments by right-clicking on a pair in the Market Watch window and select "Specification". 

 

"The 3x swap charge day can depending on which pair you choose." 


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