Examples swap calculation is as follows: (please note that the interest rate used is the interest rate for example in 2005's):
Euro interest rate was 4.25%, and the USA was 3.5%. You have 1 lot EURUSD Sell position, meaning you sell 100,000 Euros, which means you borrow 100,000 Euros with interest 4.25% / year, and buy dollar where you earn interest of 3.5% / year. Then you will pay (4.25% -3.5%) or about 0.9 points EURUSD. The sum will produce 675 dollars / year, or about 1.85 dollars per day. Now 1.85 USD per night depending on the broker-will-be inflated in such a way that there is never the same positive swap, let alone greater than the negative swap 1 pair in the same broker.
For example: swap for long at broker A pip is +1.23, then swap it to sell more than a definite minus 1.23.
Swap from Friday to Monday (2 nights) are usually combined as Wednesday -> Thursday. In most brokers, it will swap multiplied by 3.
How to see the amount of swap in MT4:
- Right click on the pair in the market watch, then click symbol.
- Choose a pair that would be seen swapnya, and then click Properties
- You will see the swap long and short swaps, and swap type.
Swap long is the amount charged / given if the stay position is Buy
Swap short is the amount charged / given if the stay is a Sell position
Swap is a unit type. In the picture above his USD swap type, then swap one day for a Buy XAUUSD (Gold) for 1 lot is -3.52 USD (you will be charged 3.52 USD). Swap this type can in point, AUD, GBP, EUR, USD, etc.. Depending on the setting of each broker
Well, because in Islam is not allowed any flowers, brokers usually provide free-swap for Muslims. The position of the stay will not be charged or given swap.
Currency rate differences large enough to cause a major swap. For example buy AUDUSD will get a sizable swap, because interest rates are much higher than the AUD USD. Similarly, the AUDJPY. Noteworthy is that if you open a sell position or AUDJPY AUDUSD to days (90% for floating loss), swap sometimes feel too big.
Islamic accounts are compliant with Sharia law as they imply no Swap Rollover interest on overnight positions. The basic principles behind Islamic banking are sharing profit and loss, and not permitting the collection and payment of interest by lenders and investors.
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