What are the different types of swaps on MT5
updatesvc:
On the specification of currencies, in the swap sections
I see Swap Type "in percentage terms , using current price"
SWAP LONG and SHORT are both -20
This is for BTCUSD. I placed a 1 lot trade = 1BTC , and got a swap of -2.96USD current Price of bitcoin $5411
How did they arrive at that -2.96
Also is it safe to assume , swap in points is just the exact "earn or deduction" for every lot in QuoteCurrency.
1 (lot) * 5337.6 (current price at swap time by my broker) * 20% / 360 (annual basis) = 2.9653
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On the specification of currencies, in the swap sections
I see Swap Type "in percentage terms , using current price"
SWAP LONG and SHORT are both -20
This is for BTCUSD. I placed a 1 lot trade = 1BTC , and got a swap of -2.96USD current Price of bitcoin $5411
How did they arrive at that -2.96
Also is it safe to assume , swap in points is just the exact "earn or deduction" for every lot in QuoteCurrency.