Learning Tips of Forex ��������
What is Rollover? (also known as rollover swap)
Is a procedure of moving open positions from one trading day to another. If a trader extends his position beyond one day, he/she will be dealing with a cost or gain, depending on prevailing interest rates.
Remember that on Forex market the base currency represents how much of the quote currency is needed for you to get one unit of the base currency. The trader borrows money to purchase another currency, and interest is paid on the borrowed currency and earned on the purchased currency.
Every central bank sets interest rate and these rates may significantly differ. For example, the New Zealand dollar had a higher interest rate than the US dollar. If you buy NZD/USD, you would earn the interest difference between the NZD and the USD or so-called swap on your position every day you held that trade overnight. However, if you sold NZD/USD, you would pay the swap for your position every day you held that trade overnight.
The trading terminal automatically calculates and reports all swaps for you.
Trade Forex with F.B.S https://f.b.s.com/
---------- Post added 10-04-2017 at 06:14 AM ---------- Previous post was 10-03-2017 at 10:59 PM ----------
A new cozy home for F.B.S traders!
“People of Forex” – a new blog designed to Share the knowledge and experience among the numerous members of F.B.S family around the world.
send us your story (no matter if it has a happy ending or not) to our email address: blog@f.b.s.com
Stay connected and have a look on our latest stories here
https://f.b.s.com/blog
---------- Post added at 11:00 PM ---------- Previous post was at 06:14 AM ----------
EUR/USD: BULLISH "ENGULFING"
11:28 04.10.2017
There's a bullish "Engulfing", which has been confirmed enough. So, the market is likely going to continue moving up towards the nearest resistance area, which could be a departure point for another decline.
We've got a bullish "Hammer", but confirmation of this pattern is still on the way. Therefore, we could have a local bearish correction during the day. However, if a pullback from the closest support happens little later on, there'll be an opportunity to have an upward price movement in the direction of the last high.
More:
https://f.b.s.com/analytics/articles...engulfing-4180