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    Thread: What is the meaning of Swap? (2)

    1. #21
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      Quote Originally Posted by 7017 View Post
      how to get positive swap and anybody knows the formula to calculate the swap i think that is interest rate difference between two currency..............

      if anybody knows the formula to calculate swap means just post the formula it will be helpful
      swap is an amount that usually broker charge or pay a trader for the delay of currency pairs over night, if you open a trade just before one minute of market close timing then you will charge or pay for swap, the calculation of swap is different from different brokers, you should check them manually.
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      Swap is the charges which is charged by the broker in the market from the traders for the long and holding the currency over the night so they some time give the swap or some time take the interest based on the currency

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      Every forex brokers provides many types of account which provide swap and maximum forex traders provide also swap free account.swap percentage are not same or fixed in any brokers it is changing and it is different on different pairs.

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      Dear, Swap free account mean interest free.in muslim law not allow interest even greatly hate.so muslim can join this business pleasantly and can conduct this business.although many expert man and woman criticize the method.
      i think we have to lead our life sincerely carefully then all ok.i select swap free account as i am muslim.
      Last edited by amiron56; 10-03-2014 at 03:56 AM. Reason: spell correction

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      Islamic swap has to do with carrying over trade from the day it was initiated to the other day without the broker charging some money from the trader;s account for swap or even adding to the traders account as a result of profits from swap.

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      In the Forex trading business if you do the profit then the brokers give you interest and if you do the losses then then you will be paid the interest to the brokers so swap is a interest ,that's forbidden for the Islam so the muslim do the trading account swap free and they do not take the interest and do not give the interest.

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      Islamic swap-free accounts is the account of the swap. for the religion of Islam swap in forex is considered not halal, so most people do not want to trade forex, therefore made ​​a swap free account.

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      well Islamic swap is one of the account feature that the brokers offered specially for all the moeslim traders because in Islam it is prohibited to get the money from the swap.. so with this Islamic swap free account the moeslim traders can run this business without have to broking any laws on their religions.
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      swap free account mean that account where no commission is allow. This is also known as Islamic account. It is specially for the Muslims. I think every broker has this option to open a swap free account.

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      Swap word call in Arabic riba that is forbidden in Islamic rules so broker give this facility to Muslim people to trade without swap but its for all traders if they want to trade this way sure they can avail this facility .

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