TRIPLE SWAP WEDNESDAY
Triple Swap for most forex brokers is charged after the close of trading on Wednesday night…
the tripled swap charge is credited when the trading server time changes from Wednesday to Thursday.* Swap charges are made normally around 00:00 in trading server’s time,
but not precisely . (there may be a few minutes of difference every day.
WHY SHOULD TRADERS CARE?
- Because some traders receive a credit in the amount of the swap rate into their account and some get the swap amount debited from their account.
2. Because institutional traders depend on the swap credits as part of the return on their portfolios. Many institutions and high net worth investors specialize in the carry trade.
This is when the portfolio is setup, not necessarily seeking to earn trading profits but, to only take positions where they earn money on the swap rate ( interest rate differential between the pairs ).