SWAP term in forex

Here is an example of how to make some money just by holding trades long term. I currently have some EURUSD sell trades open with Oanda. Each day I get almost $20 just in swap rate interest. You can also be charged a negative rate too so be careful.

You're the one that started the topic about swaps

It is as you said. You will either pay interest or be credited interest for holding trades open. There is not much else to it. I held EURUSD sell trades open and received interest.

Some of new trader just know Swap is fee that must trader pay if holding position among two or more days in server time. That's not true. We could gain more profit by Swap too.

Please correct if I'm wrong

about swaps, if you create a trading account using a swap account. then a swap will occur but there is also a broker that provides free swap services,

Swap is the difference in the benchmark interest rate that applies in each country whose currency is traded on the forex market. Swap is only accepted by traders from overnight positions past midnight (broker server time) and will be determined based on whether the position opened by the trader includes long positions (buy a pair) or short positions (sell a pair). In any pair, the trader must pay interest on the currency sold, and at the same time will receive interest from the currency purchased.

there is an advantage in trading using a SWAP account, if you trade then you hold the position to the minus then you will get a positive swap (interest) (otherwise margin of interest) otherwise if you hold a positive position then you will be swapped ( Interest) negative.