Demystifying Forex Swaps and Rollover Rates: Navigating Overnight Costs
The foreign exchange market (Forex) thrives on 24-hour trading, but holding a currency position overnight can incur additional costs. This is where forex swaps and rollover rates come into play. Understanding these concepts is crucial for any Forex trader, as they impact profitability and influence trading strategies. Forex Swaps: The Interest Rate Exchange A forex…