Trading Rollover FAQs Rollover Rates & When is a ... - Forex
what is Rollover ?
Rollover is the interest paid or earned by a trader for holding a position overnight. Interest is paid on the currency that is borrowed and earned on the one that is bought. Since every currency trade involves borrowing one currency to buy another, interest rollover charges are part of forex trading. forex signal
Came across couple threads on here about people discussing SL hunting Market Makers and quite a few said that all this is baloney... Since its Friday and I just finished analyzing the screws ups of the week, I decided to write a short post about the matter from my experience as my PERSONAL opinion. To begin with, Stock Trading and Options communities have a general consensus that some kind of 'shady activities' occur. It's actually almost a mainstream idea, thanks to movies like Wolf of Wallstreet and people like Musky with his 'funding secured'. Along with countless other charged and non charged insider trading individuals and entities. I imagine I don’t have to explain the ‘crypto’ market a place where they actually run ads to join a group and then pump and dump some shitty coin. Anyway enough of other folks, lets move on to Forex. To cut it simply, Banks have already been caught red handed collaborating in chat rooms on how to manipulate the price to their advantage. (https://www.reuters.com/article/us-banks-forex-settlement-idUSKBN0O50CQ20150520) So this should answer your question if there WAS Market Maker who moved markets.... Yes there was and its not some conspiracy theory, they've been found, charged, fined. Its up to you to decide if this is still going on or just stopped overnight. Do these people SL hunt your individual positions? No, but what they do is seek liquidity... Chances are, you have placed SL after your usual textbook analysis at a major support/resistance as many other retailers... Experienced Whale traders at CITI, JP etc know where you have these SL. They also know where you most likely placed your pending buy/sell with tight SL. All they have to do is drive the price enough to take out all of the above and stopped out positions will fuel their direction... Combine that with creation of some 'other pattern' and you have bunch of other people jumping on the train going same directions as the institutional trader. Job done. Now onto the Brokers. From my experience, there is no such thing as a good Market Maker Broker... Yes there are absolute awful unregulated ones with dealing desk where you will most likely never withdraw any profits and some not so bad ones like Oanda, Forex without a dealing desk. Ask how Oanda, Forex.com make their money... They will tell you its by spreads... Open up Oanda and check out average spreads and go to 'maximum' ... You will see some rather crazy spreads during news that if you ever traded on ECN would seem alien to you... Same goes to Rollover... Its up to you to decide if these things are just because Oanda and Gain have liquidity providers that are extremely in-flexible or..... Lets not go far for a recent example, just open up EUUSD 1Minute chart of todays closing. ECN broker closed today at 1.6220 vs 1.6225 aka 0.5 pip spread and thats as high as the price went in last closing minutes... Spread did not jump anywhere much really - I was there to watch it. Now lets open up Oanda chart on Tradingview... What do we see here? A spike to 1.16262 on last minute - now lets go and check Oandas maximum spread at this exact time, we find that it is exactly 6 pips. Lets look at the chart again and think where a small time 'retail trader' that trades on small TF's would put their SL. Probably at 1.16254, 1.16282, 1.16293 area and lastly (same as me) 1.16323 area... Neither one of these would have been hit if you traded with ECN Broker... All of these with exception of last one (would be a really close call) would have been hit by Oanda or Forex.com today. Again its up to you to decide if this is just because Gain and Oanda have such 'interesting' liquidity providers or a broker that makes money on spreads is... you know... making money on spreads... So here is my 2 cents... This again is my personal opinion.
A Comparison of Forex Broker Swaps (rollover rates), updated Daily. Type 0 - in pips, Type 1 - in base currency, Type 2 - by interest, Type 3 - in the margin currency. Click on the "Different Currencies" button to compare more than 50 different currency pairs. Rollover rates for positions on forex instruments and spot metals are charged the tomorrow-next day (i.e. tomorrow, and the next day) rate, including the XM mark-up for holding positions overnight. Tom-next rates are not determined by XM but are derived from the interest rate differential between the two currencies that a position was taken in. Rollover Charges Forex see divergence and Cynthia's Advanced Neon Breakout has the extra divergence indicator that makes seeing momentum and trend change coming. Her training videos in the PDF are excellent and I'm learning all about trading retracements Rollover Charges Forex and re-entries. To account for that, the forex market books three days’ worth of rollover interest on Wednesdays. Using the AUDUSD example above, a trader that held that trade on Wednesday at 5pm ET would incur ... Every Forex broker charges fees in one form or another and there are trading costs associated with each trade placed. ... Swap rates, sometime referred to rollover rates, apply to each position which is held overnight. Swap rates occur due to the interest rate differences in the base currency and the quote currency.
Lesson 6.1: What is swap in forex trading? - YouTube
When rolling a position over to a new value date (to "the next day"), an operation called Swap is performed – the company charges or pays a certain amount depending on the interest rate ... This video is part of our Community, Build to stand together against the typical Trading myths, removing the Conflict of Interest, no BS, and most importantly everything is Free of charge forever. Another unique factor in forex trading is Interest, or carry. Each currency pair has an interest payment or charge associated with holding the position long ... Get more information about IG US by visiting their website: https://www.ig.com/us/future-of-forex Get my trading strategies here: https://www.robbooker.com C... When you trade forex (fx), you need to be aware of rollover or swap charges/gains. Here we tell you about rollover costs and how they're calculated.