Thursday, July 3, 2008

Forex Trading Cost of Carry & Spread

Rollover / Swap / Interest Policy

At 5:00 PM USA EST, funds are subtracted or added to accounts with open positions because of the automatic rollover. On MoneyForex Trader trading platform, the rollover interest is shown on the Dealing Rates window; represented with RlvS - Rollover for Sell position and RlvB - Rollover for Buy position.

Note: On Wednesdays, the amount added or subtracted to an account as a result of rolling over a position tends to be around three times the usual amount. This "3-day" rollover accounts for settlement of trades through the weekend period.

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