Rollover
For positions open at your broker’s “cut-off time” (usually 5:00 pm ET), there is a daily “rollover fee“ or “swap fee” that a trader either pays or earns, depending on the positions you have open.
If you do not want to earn or pay interest on your positions, simply make sure they are all closed before cut-off time, the established end of the market day.
Since every currency trade involves borrowing one currency to buy another, interest rollover charges are part of forex trading.
- Interest is PAID on the currency that is borrowed.
- Interest is EARNED on the one that is bought.
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