Trade

This article has been translated from English to Gen Z Slang.

A swap, aka a “rollover fee”✨, is what you get slapped with when you keep a position vibing overnight. 😴

A swap is basically the interest rate diff 💸 between the two currencies of the pair you’re trading. 💱

It's calculated based on whether you're going long or short, no cap. 😎

How to Calculate Swap

So, you wanna do some forex math? 🤓 Here’s the cheat code to calculate swap:

Swap = (Pip Value * Swap Rate * Number of Nights) / 10 💰

You’re trading 1 mini lot or 10,000 units of GBP/USD (long) with a USD account, fam. 🔥

Pip value: $1 💵

Swap (long) rate: -3.3154

Swap fee: (1 * -3.3154 * 1) / 10 = -$0.33 🤷‍♂️

Related Terms

Please provide the title you would like translated into Gen Z slang.

A rollover fee, aka "swap," is charged when you keep a position open overnight.

"Tomorrow Next: Forex Move Where You Cop and Drop a Currency Pair with Two Diff Dates"

Rolling over is when you take your trades and yeet them into the next day.

Please provide the title of the article that you would like translated into Gen Z slang.