Hello, I just started demo trading not long ago, and in my trades, I don’t know the essence of the “swap” that I see in MT4. It’s annoying really because it will affect me if I start to live trade. I’m concerned.
Why don’t you just google “meaning of swap in forex”. Depending on the position and pair, you are either charged or paid interest fee on a position that remains open for more than 24 hours. Anyone who does long term trade should be ready to get enough profit to make the swap insignificant.
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Everything depends on the conditions of the brokerage company itself and on the peculiarities of each particular order (as our colleague has already indicated). But in general, it is worth knowing at once, because these are your business expenses and you should immediately understand what percentage it is of the total capital…
Check out this lesson in the School of Pipsology about swap fee:
From their Forexpedia:
Check out this discussion
It’s one of the brokerage fees.