How to postpone a position in Forex market till the next day?
Postponing a Forex position till the next day is carried out in form of market dispute the results of which can be negative and positive depending on difference in interest rates and amount of swop-points the brokers counteragent has. Supposedly, 4.25 % is the European interest rate and 3.5 % is the American one. And you have opened a selling position for 1.0 lot in EUR/USD. To do that you must sell 100,000 EUR. It means you must borrow this money with 4, 25 % annual interest rate. Having sold Euro you buy dollars which you deposit at 3.5 % annual interest rate. Your total losses after the transaction will equal (4.25-3.5) % or 675 dollars a year and 1.85 dollars a day which is the same with EUR/USD 0.9000 rate of exchange. So on one Forex item with an opened selling position in EUR/USD you will be charged .85 a day. And if you have opened a buying item you will be getting $ 1.85 every day. In reality, you will be losing a little bit more than and getting a little bit less than $ 1.85.
