Base / Quote currency
Results 1 to 2 of 2
  1. #1
    jaswhite16 is offline Newbie
    Join Date
    Feb 2007
    Posts
    55

    Default Base / Quote currency

    hello:
    I would like to know when you keep a long or short position open over
    night I understand that you pay interest on one currency and receive
    interest on another. Question which currency do you receive interest
    on the base or the quote currency?
    thank in advance for any responses.

    jase

  2. #2
    Clint's Avatar
    Clint is offline FX-Men Honorary Member
    Join Date
    Mar 2009
    Posts
    3,340
    Quote Originally Posted by jaswhite16 View Post

    Question which currency do you receive interest on the base or the quote currency?
    Hello, Jase

    It depends on whether you are long or short the pair.

    If you are long the USD/JPY, for example, you collect interest on USD, and pay interest on JPY.

    If you are short that pair, then you pay interest on USD, and collect interest on JPY.
    - Risk is the Price we pay for Opportunity -

Forum Sponsors

Similar Threads

  1. base quote trading
    By jaswhite16 in forum Newbie Island
    Replies: 2
    Last Post: 07-30-2011, 06:30 PM
  2. Base Quote price quiestion
    By jaswhite16 in forum Newbie Island
    Replies: 1
    Last Post: 07-29-2011, 10:35 AM
  3. Numerous positions with the same quote currency ..
    By liam94 in forum Newbie Island
    Replies: 2
    Last Post: 05-08-2011, 10:11 PM
  4. Base Account Currency??
    By jigoddard in forum Newbie Island
    Replies: 3
    Last Post: 08-03-2010, 08:04 AM
  5. base/quote prices
    By jaswhite16 in forum Newbie Island
    Replies: 1
    Last Post: 03-25-2009, 08:55 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
"Wisdom is not a product of schooling but of the lifelong attempt to acquire it."
Albert Einstein