Hey, Im a new trader. Im doing just Demo at the moment and plan to keep it that way untill Im able to make a consistent profit there. However, I have a question. Im learning to trade with the Vegas Wealth Builder on the daily chart as my foundation for my strategy. Then Im learning Candlestick patterns in general to know when to execute the trades.
My real question: In the MT4's trading terminal there is a colum named swap. What is this, is it intrest the broker charges me? At the moment Im short in USD/JPY and I have 34 pips in profit so far. The swap colum says -1.80 though, and it seems to eat from my profit somehow. Could anyone please explain this to me?
Thanks up front and sorry for my lousy english.
My real question: In the MT4's trading terminal there is a colum named swap. What is this, is it intrest the broker charges me? At the moment Im short in USD/JPY and I have 34 pips in profit so far. The swap colum says -1.80 though, and it seems to eat from my profit somehow. Could anyone please explain this to me?
Thanks up front and sorry for my lousy english.