Forex glossary
What is a swap?
The overnight interest credited or charged for holding a position past rollover.
Definition
Swap: The overnight interest credited or charged for holding a position past rollover.
In context
Hold a trade past the daily cut-off (about 5:00 pm New York) and your broker applies a swap: interest earned or paid on the position overnight.
From the lesson Swap and Rollover.
Lessons that cover Swap
Forex 101 · 4 min
Swap and Rollover
The overnight interest you earn or pay for holding trades.
Brokers & Platforms · 6 min
How Forex Brokers Work
Market makers, STP, ECN, and how your broker earns money.
Brokers & Platforms · 4 min
Account Types
Standard, raw, cent and swap-free accounts compared.
Fundamentals & News · 5 min
The Carry Trade
Get paid to hold a position, until risk-off ruins the party.