A swap is a fee for keeping a position overnight. It represents the difference in credit interest rates for the currencies used in trades. Swap rates may vary over time depending on these rates.
Triple Swap:
The triple swap, or 3-day swap, occurs on Wednesdays. This is because most instruments require two business days (T+2) to be settled. If you roll a position from Wednesday to Thursday, the swap rate also includes the weekend, resulting in a triple rate.
For more details on how swaps are calculated, please visit our website at
tradingmoon.com and go to Trading -> Commissions and swap charges.
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