I am relatively new at Forex and I am working with a couple of demo accounts. I am using a hedge system which seems to be working well, but I seem to be misunderstanding how the rollover (interest) is calculated.
When do I get interest, or lose interest on my trade? The “school” says something about closing before 5pm EST. I am trading two sets of currencies, EURUSD and USDCHF. I closed out my first order, taking profits, and rebought the same two sets. I received interest (a loss) for the EURUSD, which I expected, but received no +interest for my USDCHF … why?
Is there a website which reports interest rates for all the main currencies?
Also, is there a way to know what your leverage is on your demo account? (ie 400:1, 200:1, etc.) I did not know enough to write it down on my first demo account.