What is a rollover

What is a rollover - Today we will learn about rollover rates. What is a rollover rate? Rollovers are also known as swap rates. It is the action taking place at the end of the day where all open positions with value will be rolled over to the next business day. This is either a debit or credit paid to the client for holding a position. It is the interest added or deducted for holding a position overnight. This happens since in FX trading the trader doesn't want to actually buy the traded currencies but to continue to trade until position is closed. The currency can be either swap positive or swap negative. Trading platforms offer the rollover process but it involves a rollover interest fee which is calculated according to the difference between the traded currency's interest rates. On the long position, the trader gets the interest rate and on short position he needs to pay the interest rate. In case of weekends and holidays, the rollover is multiplied by the number of days of rollover. Follow Smart Trade FX on Facebook and Twitter for our latest announcements. Email our support staff with any questions to customerservice@smarttradefx.com Join the world's biggest market and trade FOREX with Smart Trade FX What is a rollover learn more go to http://www.smarttradefx.com Visit our site, http://www.smarttradefx.com and trade smart by joining us today. Make sure you stay up to date with Smart Trade FX news and events by joining our facebook page.

Comments

1. Great tutorial
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6. Great vid
7. This helped me a lot.