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Forex question What is Swap?
avatar Catkathy
Question by: Joseph - 01 Sep 2016, 09:07:52
What is Swap?
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Answers (1)
avatar user 10632
Answer by: Samanthar - 01 Sep 2016, 09:11:49

A Swap is the difference in credit interest rates for currencies used in trades. The interest is added (if it is positive) to the account or taken from it (if negative) when a trading position is left open overnight.

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