WHAT IS SWAP ?

The word "swap" means an act of exchanging one thing for another. At the financial markets swap is an agreement between two parties to exchange sequences of cash flows for a set period of time.


Swap is calculated depending on the currency rate position and based on low or high interest rates.


If a currency with a high interest rate is sold against a currency with a low interest rate an investor agrees to pay a commission for holding positions open overnight. This reflects as Swap on a  trader’s account.


Example:  If an investor sells TRY and buys USD, the swap will appear on a trading account as a negative balance.

Swap sometimes referred to as "overnight interest cost" or "cost of carry". 

HOW TO BE A TRADER?

We invite you to meet Mekness investment world. You can follow the steps below to be an online investor with us.

  • You can fill the free demo account form on the side to open an unreal account and try the market without any risk.

  • You can apply to open a real account to enter the world of investment.

  • After depositing the initial investment you can easily start to trade.

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