Can anyone please clearly tell inform me as to how you calculate the swap. I know it has to do with the difference of interest rates between the curriences, but i am not 100% as to how they calculate the final number.
Just out of curiosity how far off am I:
EURUSD. Eur interest rate is 3.25 -USD interest rate of 5.25. Difference -2%
Now is this -2% mulitplied by the number of lots you have open or by the profit or loss level you are at? Or does profit and loss have nothing to do with swap?
Please help me. Any feedback is much appreciated.
Thanks
Just out of curiosity how far off am I:
EURUSD. Eur interest rate is 3.25 -USD interest rate of 5.25. Difference -2%
Now is this -2% mulitplied by the number of lots you have open or by the profit or loss level you are at? Or does profit and loss have nothing to do with swap?
Please help me. Any feedback is much appreciated.
Thanks