A swap is an overnight financing adjustment applied when a leveraged position is held after market rollover.
Depending on the instrument and direction, the swap can be either a cost or a credit to your account.
Swap value depends on the symbol, contract size, position volume, and the broker's long/short overnight rate.
Most platforms apply the charge once per rollover day and may apply triple swap on a specific weekday.
Always verify symbol specifications before holding positions overnight.
Swap = Lots x Contract Size x Swap Rate x Number of Nights
Instrument: EUR/USDVolume: 1.00 lotSwap short: -6.5 points
Holding period: 2 nightsApproximate result: financing fee debited from account balance.
Exact values can differ by account type and current market conditions.
