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Why Forex Traders Should Pay Attention To Swap Rates
On the bottom of your MT4 trading terminal, under the trading tab, you’ve likely noticed a column that says “swaps”. At Orbex, you can also find these available on our website. If you are a day trader, you probably just ignore it, because it doesn’t impact your trading. If you are a swing trader, you might have taken into consideration the cost (and sometimes profit) that the swaps add to your trade. All that is fine, but what if there was some interesting information in there that could tell you where currency pairs were headed? Granted, for day traders – and especially scalpers – this might not be as ... (full story)