how are traders affected by swap charges 
swap charges are released on a daily basis by the financial institutes which fortrade works with and are calculated and determined according to various risk management criteria and market conditions the swap premium is calculated in the following manner pip value depending on trade size swap rate in pips number of nights swap charge credit forex example you open a short position sell on eur usd for 1 lot with an account based in usd 1 lot 100 000 1 pip value 10 usd swap rate 3 2839 points equivalent to 0 32839 pips number of nights 1 swap premium 10 0 32839 1 3 2839 usd cfds example you open a long position buy on crude oil for 1 lot 1 000 barrels with an account based in usd swap rate 0 3807 1 cent value 10 usd number of nights 1 swap premium 10 0 3807 1 3 807 usd