Got a question regarding how rollover fees are placed. Please let me know if I am understanding this correctly. Here is how I see if: If I open a EUR/USD position today, but I leave it open for lets say 3 days, while I watch the charts and trends, my broker will charge me 3 fees, 1 for every period that his “brokerage window” closed, since my positions were not closed?..So this is not like stocks, where I can buy and hold until I am ready to close/act on the stock, without any fees just , even though the NYSE has closed for the day. In the intro of “pip school” there was an example given of a EUR/USD trade that had an open position for 3 days, prior to the trader taking profits of $700 USD, there was no mention of “rollover fees”, which I read about later in the course Or is it just that the rollover fees can be so minimal that they are not of much significants? (P.S. I never won a spelling bee)…
yes you pretty much have it
my broker 11 pm every day will charge me a swap (rollover charge) for every position i have open this can be a credit or a debit, depending on which pair i have gone short or long on and the diffrence in intrest rates betwwen the countries
there is a very clear video on the alpari website explaining in detail how it works, that the broker i use
Thanks…I’m in the “11th Grade” PIP School…I am very very new to this, but I am going to be patient B4 jumping in.