Tuesday, January 7, 2014

Swap

Was having this conversation with Rookie trader this morning.

What is a Swap?
I never pay attention to my Sifu when I started learning Forex, and actually, I never though I would be trading Forex... so the novice trader came to search for more information on Swap.

When I search for "Swap" at my broker (FXCM) website, I found
"Rollover" instead of swap.
I am not sure whether they mean the same thing.

I went to Forex Yard and search Swap
www.forexyard.com/en/glossary

Swap - A currency swap is the simultaneous sale and purchase of the same amount of a given currency at a forward exchange rate.

And honestly I also found a list of swap rate here...
http://www.myfxbook.com/forex-broker-swaps/fxcm/44

1 comment:

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