Forex Profits Hold Over The Day Why Decrease? Familiarize yourself with swap rates.

Forex Profits Hold Over The Day Why Decrease? Familiarize yourself with swap rates.

Many people may wonder why Forex trading is profitable when holding it overnight. Wake up, why profits are declining The reason why the profit is reduced is because of the Swap rate. So let's get everyone to know the Swap rate.

🔸What is Swap?

Swap fee is an overnight holding fee. This fee is charged when the trader keeps his position open overnight after the market closes. That is, between 4.00 - 5.00 hrs. in Thailand, holding positions overnight does not count for 24 hours. But it counts as a period of time, for example if the position is only open for one to two hours. But the holding time straddles the market close. Swap is charged immediately. Short hold is charged more. Swap is more expensive than Long hold, but swap is not accounted for the total trading cost. Swap is charged as both cost and profit as follows: A debit with a value of + will mean interest charged as + and interest on an open position will continue to be earned over the holding date, and a credit of - will mean interest will be charged as - cause. The fee for open positions is subject to an increase in the holding date.

🔸What are the chances of getting it and what are the chances of losing the swap?

A chance to get a Swap must choose to hold an overnight position for a pair that will give a + Swap value and a trader can carry out a profitable Swap Difference of 2 or more pairs. The chance to lose a swap is to be careful about holding positions overnight on Wednesdays. This is because swap rates are charged for 3 days and each broker has a different swap rate and changes according to central bank policy. In this case, the swap value is considered an uncontrollable risk. Therefore, it is necessary to deal with and be prepared to take risks.

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