What is Rollover (Swap)?
Simply put, Swap is the interest rate difference between two countries. In principle, if you buy the currency with the higher interest rate, you receive a swap, and conversely, if you sell the currency with the higher interest rate, you pay a swap.
Swaps are granted when you hold a position and cross the New York close (rollover). For more information on how they are granted, we would recommend you check our Forex courses.
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