hi guys i’m new to trading on a demo, question on swap. Im currently long USDCAD, USD rates are 5.5% and CAD are 5%, but it says the swap is negative on my mt4. Can anyone explain? Thanks
To be honest I ignore swaps as the amount is insgnificant.
Are you those are the swap rates of the broker?
Typically, if the interest rate on the currency you bought is higher than the interest rate of the currency you sold, then you will earn rollover (positive roll).