Swap points, also known as rollover or overnight interest, typically appear in your trading account after you hold a position overnight. These points are earned or paid depending on the interest rate differential between the two currencies being traded. Swap points are usually calculated and credited or debited to your account at the end of each trading day, which is usually around 5:00 PM Eastern Standard Time (EST).
For example, when you buy a currency with high interest rate and roll it over on the next business day, you will receive swap points (profits). Inversely, you will need to pay swap points (losses) if you take a short position.
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