Every forex position held past midnight incurs a swap charge (or earns a credit). Know the exact cost in your account currency before you decide to hold overnight.
A swap (also called a rollover) is the interest differential between the two currencies in a pair, applied each night a position remains open past the daily cutoff (usually 22:00 GMT on the MT4 server).
On carry-trade pairs like USD/JPY, interest rate differentials mean long positions often earn a swap credit. On higher-yielding EM pairs the opposite applies. The differential can erode a winning trade over several days.
Wednesday overnight is charged at triple rate to account for the weekend when markets are closed but interest still accrues. Always factor this into your holding-period calculations.
Every tool runs on live ECB rates and recalculates as you type. Pick one to jump straight to it.
Size every position to a fixed % risk and stop-loss in pips.
Open →See the margin a trade locks up at 1:50 to 1:500 leverage.
Open →Model entry, exit and direction to project the outcome.
Open →Project account growth from a monthly return over time.
Open →Calculate the overnight fee cost for holding a position past midnight.
Open →