Rollover question

New to the game. Didn’t manage to close out two positions this evening. Long 2000 on USDJPY at 110.813, short 1000 on USDTRY at 3.80933. Forex’s rollover rate for the former pair is .45, latter is -3.52.

Trying to understand what kind of damage or benefit I’m looking at come Monday. Also love a more general explanation of rollovers.

Appreciate the wisdom.

i assume you are talking about SWAP RATE

SWAP RATE is the charge that brokers charge you to roll a trade over into the following day (Technically speaking… TRADING DAY) so Friday to monday is calculated as 1 day

as for what will happen
No one really knows mate, if we did , it wouldn’t be a guessing game hehe

Hi Philip.
The rollover, or swap rate, is a charge or credit made to your account whenever you hold a pair overnight.
The amount of this is based on the relative interest rates of the 2 currencies in the pair you are trading.
The link below gives a detailed explanation and a calculator, but unless you are trading big sums or holding for extended periods it won’t hugely affect your account one way or the other

Hi All!
Swap charges are calculated based on the interest rate differential between two currencies of the pair and are calculated based on whether you have buy or sell position. It is charged by the LP itself