https://steadypips.net/tags/swap-free/Recent content in Swap-Free on SteadyPipsHugoen-usSat, 01 Aug 2026 00:00:00 +0000https://steadypips.net/guides/swap-free-islamic-forex-accounts/Sat, 01 Aug 2026 00:00:00 +0000https://steadypips.net/guides/swap-free-islamic-forex-accounts/<h2 id="what-swap-overnight-interest-actually-is">What Swap (Overnight Interest) Actually Is</h2> <p>Every leveraged forex position is, mechanically, a loan: you are borrowing one currency to buy another. Hold that position past your broker&rsquo;s daily rollover cutoff — commonly around 5pm New York time — and the broker applies <strong>swap</strong>, an interest adjustment based on the difference between the two currencies&rsquo; interest rates. Depending on which currency you are long and which you are short, swap can be a small credit or a small debit, applied once for every night the position stays open.</p>