SWAP

Overnight commission, which is a financial benefit that forex companies obtain from traders who trade on margin and using leverage and is imposed on open forex trades, which have not been closed for more than 24 hours from the time of opening the deal and at the time specified for closing the forex market, where it is rolled over to the next day Hence, it is known as the overnight commission. How are the overnight interest rates calculated? If there is an open forex trading transaction, but it has not yet been closed, to make this transaction continue, interest is paid to the broker.

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