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Cheapest overnight/swap fees to hold a long EUR/USD position
Hi, I’m researching the cheapest solution to hold a swing long position on the EUR against USD.
I’m ready to use any broker or instrument class (forex / future, other inventive method)
Could you please share / advise ? Thanks in advance
Can you help answer these questions from other members on NexusFi?
I used to have it on MetaTrader 5 for Forex. Usable chart, even installed on a smartphone - you can check many details as well as the spreads and then you can trade quickly on the go from the phone.
Check it out - it's a free app...
Hey, I know Metaquotes but I’m not really asking such advice but rather where are the cheapest swaps to pay at the moment. Like, which FX broker in particular then
Or has anyone studied the integrated interest rates erosion on the 6E futures moving towards the expiry date ? Does it match the forex swaps more or less ? Likely
It looks likemislamic accounts are a thing of the past. The swaps you don’t pay are now taken by other means, like extra commissions at opening/closure and as extra if positions are prolonged each week. About a game of fools
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Answering the question in the title of your post "Cheapest overnight/swap fees to hold a long EUR/USD position" and not necessarily the question in your post "the cheapest solution to hold a swing long position on the EUR against USD" I would say that the fairest true representation of the interest differentials inherent in currencies for a retail trader would be the CME USE:EUR (aka 6E) futures. I would be surprised if anybody can point to a retail forex broker that has better overnight swap/roll rates for a buyer or seller.
*To calculate the implied CME overnight swap/roll rate calculate it's spread to the spot rate and the number of days till delivery of the futures contract.
Thank you. Indeed, that’s what I wanted to know, if the carry rate of the 6E contract is more economical than the swap applied by the forex brokers (usually around 3.5% / yr long EUR/USD). I’ll calculate it soon.
