Jump to content

mariaxty

Members
  • Content Count

    406
  • Joined

  • Last visited

Community Reputation

11 Newbie

About mariaxty

  • Rank
    Level V
  1. Have you -or anyone reading this thread- had any issues with withdrawing your funds from FP Markets? Weird tech issues...spreads, slippage....unexplained spikes? Thanks!
  2. Bear in mind that it works in both directions. If you are long the currency in the higher interest rate pair (for example, long TRY/JPY or short USD/ZAR), you earn the swap rather than paying it. Carry trading is the strategy of keeping a trade open in order to earn the swap, and we recently discussed it. The swap rate (AKA rollover interest) is applied to all open trades at 5 p.m. New York Time, regardless of the duration of the trades. That means that if you buy TRY/JPY at 4:59 PM on Wednesday and close your trade at 5:01 PM, you can earn the full three days' rollover interest, despite the fact that your trade was only open for two minutes. On the other hand, if you are a day trader who is not concerned with swaps, you can buy USD/ZAR at 5:01 PM Tuesday and close your trade at 4:59 PM Wednesday without incurring any rollover interest, despite the fact that your trade was open for 23 hours and 58 minutes. Another consideration is the effect of holidays on the normal swap schedule. If a three-day weekend is approaching, you may earn or pay four days' interest or more on trades opened at 5 p.m. on Wednesday.
FinanceHeaven

Info

Any opinions or market advice expressed in the community sections do not necessarily reflect the views of FinanceHeaven or its affiliates. The comments and opinions expressed are those of traders who are either inexperienced or inexperienced. FinanceHeaven.net or its affiliates do not review or research the comments. If you choose to base your decisions or trades on the comments, you do so at your own risk. FinanceHeaven and its affiliates are not liable for any losses incurred as a result of using the content provided.

WARNING

FOREX trading carries a high level of risk and may not be suitable for all investors. Leverage increases risk and loss exposure. Before you decide to trade foreign exchange, think about your investment goals, level of experience, and risk tolerance. Your initial investment may be lost in part or entirely. Do not put money into investments that you cannot afford to lose. Educate yourself on the risks of foreign exchange trading, and if you have any questions, seek advice from an independent financial or tax advisor. Any data and information is provided "as is" for informational purposes only and is not intended for trading or advice. Past performance is not a predictor of future outcomes.

×
×
  • Create New...