Forex Special :-
Forex interest - crediting and debiting is done on a daily basis at 4 pm EST with interest being paid on the account balance held at that time. If the countries currency that a trader buys has a greater interest than that of the pair then Forex rollover interest is credited to the traders account, and vice versa. Rollover fee is deducted from the traders account, if the trader sells the currency having a higher interest rate and vice versa. The effect of rollover interest is magnified with marginal trading since the ineterst is calculated with respect to the trader's full position, not to his traded amount.
Forex interest - crediting and debiting is done on a daily basis at 4 pm EST with interest being paid on the account balance held at that time. If the countries currency that a trader buys has a greater interest than that of the pair then Forex rollover interest is credited to the traders account, and vice versa. Rollover fee is deducted from the traders account, if the trader sells the currency having a higher interest rate and vice versa. The effect of rollover interest is magnified with marginal trading since the ineterst is calculated with respect to the trader's full position, not to his traded amount.
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