Swap

Swap is the charge or credit for holding a position overnight.

It is applied at the broker's rollover time, usually around midnight on the server clock, and it can be negative or positive depending on the symbol and the direction.

Most brokers charge triple swap on Wednesday to cover the weekend. A position held for several nights pays it every night.

Also called: overnight fee, rollover fee

A definition, not financial advice. Trading carries a risk of loss.