Rollovers | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Good broker with "correct" rollovers? 4 replies

Rollovers in Forex 0 replies

Rollovers

  • #1
  • First Post: Oct 28, 2005 8:52am Oct 28, 2005 8:52am
I just realized that my current success with demo means nothing or practically nothing: they dont make rollovers on forex.com demos... And I consistenly keep lots of stuff in red for awhile.. long enough to make it green... Does it mean that rollover charges will eat my arm and a leg?
Say, I keep -$1000 in unrealized profits in certain pair, how much will they charge me?


PS Its damn smart for them not to put it on demos- they will scare off everypotential victim
  • #2
  • Oct 28, 2005 10:47am Oct 28, 2005 10:47am
So, generally, a rollover is a broker's stimule for you to close negative trades ( and leave your money to the MM) or keep positive trades open (and thus leaving a chance for MMs to put you in negative )

Do i understand this correctly?
  • #3
  • Oct 28, 2005 11:51am Oct 28, 2005 11:51am
Savant, you've confused me again.. Say, i have positive interest direction pair, but I am loosing a trade, going in red very, very badly. What I am still gettting paid interests?
and vice-versa, I have negative interest direction pair, but I am in plus, what happens?
Thank you for your patience
  • #4
  • Nov 26, 2005 4:02pm Nov 26, 2005 4:02pm
Hmm Savant I wonder why did you delete your posts..

Well , after demoing on Oanda, I understood everything you wanted to tell me.
So, originally we were talking about totally different things : at forex.com they CHARGE you an interests whenever you are in red, and give u interest whenever u are in green, regardless of differencies in %. I am SO happy Oanda makes it different way.
  • #5
  • Nov 26, 2005 8:21pm Nov 26, 2005 8:21pm
Many other brokers charge your demo the rollover exactly as the live account, you can work your way out with one of these, and then use the live trading with forex.com...Very simple


Thanks,

Nader
  • #6
  • Nov 26, 2005 10:11pm Nov 26, 2005 10:11pm
Quoting narafa
Many other brokers charge your demo the rollover exactly as the live account, you can work your way out with one of these, and then use the live trading with forex.com...Very simple


Thanks,

Nader
Nader, that's what I was talking about... Forex.com is pushing you to close loosing position ASAP, so they can have your money.. and they give your interests when you gaining money, so you keep it there and loose it eventually. At Onda's , with AUD/JPY long I will get my interests daily even if I will have 10000 pips in red...At forex.com I will PAY daily for the same thing... I cant imaging going live with forex.com even in my scariest dream..
  • #7
  • Nov 27, 2005 5:43am Nov 27, 2005 5:43am
Quoting Vlad
I just realized that my current success with demo means nothing or practically nothing: they dont make rollovers on forex.com demos... And I consistenly keep lots of stuff in red for awhile.. long enough to make it green... Does it mean that rollover charges will eat my arm and a leg?
Say, I keep -$1000 in unrealized profits in certain pair, how much will they charge me?


PS Its damn smart for them not to put it on demos- they will scare off everypotential victim
Hi vlad

I run Forex.com live account. In EURGBP I had open position for 5 days I gained 0.7 pip on an average each day. Also I had open long position in USDJPY I gained over 6 pips in 5 days. Rate differential differs from day to day sometimes I gain much sometimes less. I hade also short position in EURJPY but one day I did not pay anything I was surprized why did not they charge me.
kiss the trend
  • #8
  • Nov 27, 2005 7:46am Nov 27, 2005 7:46am
Quoting Vlad
Nader, that's what I was talking about... Forex.com is pushing you to close loosing position ASAP, so they can have your money.. and they give your interests when you gaining money, so you keep it there and loose it eventually. At Onda's , with AUD/JPY long I will get my interests daily even if I will have 10000 pips in red...At forex.com I will PAY daily for the same thing... I cant imaging going live with forex.com even in my scariest dream..
Check with them, some brokers have a minimum account size so that you can ear interest when you are long the correct currency, otherwise, you will have to pay rollover whatever your position is.

For example, if your account is below $10,000, you will always pay rollover, if your account is above the $10k, you can earn rollover or pay according to your position. This is the same scenario with my broker as well.


Thanks,

Nader
  • #9
  • Last Post: May 22, 2019 12:07pm May 22, 2019 12:07pm
why don't they make a rollover on your demo account?
0 traders viewing now