In Forex, a swap is the interest that you will either receive or pay for a trade which is kept open overnight. 

Swap Short is the term used when a short position is kept open overnight. Each symbol has it's own swap rate as it's based on the difference between the interest rates of leading banks of the two currencies in the pair.



Swap Long is the term used when a long position is kept open overnight. Each symbol has it's own swap rate as it's based on the difference between the interest rates of leading banks of the two currencies in the pair.



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