A day when brokers charge or credit three days' worth of swap to account for the weekend. Concepts like this reveal some of the underlying plumbing of the forex market that isn't visible directly on a retail trading screen.
A day when brokers charge or credit three days' worth of swap to account for the weekend. Concepts like this reveal some of the underlying plumbing of the forex market that isn't visible directly on a retail trading screen.
It affects the true cost of holding positions overnight around weekends. Traders progressing past the basics tend to lean on this more heavily as they start combining multiple concepts into a coherent trading approach.
Typically applied on Wednesday nights due to T+2 settlement conventions. Most traders come across this while reviewing charts, monitoring news feeds, or checking their account dashboard, and being able to spot it quickly is a useful practical skill.
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