One crucial aspect of forex trading is understanding and managing roll over or swap rates. In this article, we will provide a step-by-step guide on how to calculate and view roll over/swap rates within the MT5 platform. By mastering this process, traders can make informed decisions regarding their positions and effectively manage their trading costs.
Locate the “Market Watch” panel. If it is not visible, go to the “View” menu and select “Market Watch” or use the shortcut key combination “Ctrl + M” to open it.
In the Market Watch window, right-click and select “Symbols” from the drop-down menu. Alternatively, you can directly use the shortcut key combination “Ctrl + U” to access the Symbols window.
Choose the currency pair you want to view the roll over/swap rates for and click on it. This action will open the Symbol Specification window.
Within the Symbol Specification window, scroll down to the “Swap” information. Here, you will find the roll over/swap rates for both long (buy) and short (sell) positions. The Swap tab will display the roll over/swap rates in points or pips.
One important thing to note is that the rates may be presented in positive or negative values. Positive swap rates indicate that you will receive interest for holding the position overnight, while negative swap rates mean you will incur a cost for holding the position.
