How is the rolling fee on currency trades in gnutrade calculated?
The rolling fee on currency trades is the same as for other types of trade. It depends on how much you are trading per point, the point value of the market (you can see this when you click on the window to trade) and the price of the market after it has closed. So if you have a £1 per point trade on GBP, which has a point value of 0.0001, and is trading at say 1.6205, the rolling fee per night is: £1 / 0.0001 (point value) x 1.6205 points (closing price) x 0.195% (fixed percentage) = £3.16 You can see all this info on this link: http://www.gnutrade.com/rolling-a-trade which also has a calculator that automatically works out an estimate of the fee based on the current market price. It’s an estimate because the closing price won’t be known till the end of the day.
