“SWAP= -35.92, PROFIT= 3.22, TOTAL PROFIT= -32.70”
im trading my demo account with ibfx and it says -35.92 for “SWAP.” what is swap and why does it do this to me?
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Seems like you kept your trade opened for too long… Swap is the overnight interest rate paid or deducted on the open positions by the Forex broker.So i guess you must be trading AUD or NZD pairs or u opened a trade since a long time ago and forgot about it! 
yup i traded the aud/nzd lol. so do all pairs have swap or all except the majors?
Yupp all the pairs have swap,even EUR/USD…If u are buying a higher currency which has a higher interest rate as compared to it’s counter currency than the swap will be positive and vice versa.
Following are the interest rates of some of the major currencies:
AUD 3.25%
NZD 2.50%
CAD 1.00%
EUR 0.75%
GBP 0.50%
CHF <0.25%
USD <0.25%
JPY <0.10%
U were short on AUD/NZD.Right?
yea it was aud/nzd. i held it for at most 4 hours, although it was around 23:00-24:00 NY time so thats most likely how it got me.
also, sorry about title and op mods. wont happen again.
Yeahh …Than i guess that your trading volume was much heavy.What was your lot size?