{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/forex-rollover\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/forex-rollover\/","headline":"What is Forex Rollover? Credits and Debits Explained","name":"What is Forex Rollover? Credits and Debits Explained","description":"What is Forex Rollover? Credits and Debits Explained Forex rollover is the amount of interest that you will either be credited or debited if you are still holding an open trade at the end of the trading day. Whether you are credited or debited will depend on the Forex pair you are holding. You do […]","datePublished":"2019-06-19","dateModified":"2019-07-04","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2019\/06\/forex-swap-and-follover.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2019\/06\/forex-swap-and-follover.png","height":451,"width":1496},"url":"https:\/\/forexschoolonline.com\/forex-rollover\/","about":["Beginner Trading Lessons"],"wordCount":317,"articleBody":"What is Forex Rollover? Credits and Debits ExplainedForex rollover is the amount of interest that you will either be credited or debited if you are still holding an open trade at the end of the trading day. Whether you are credited or debited will depend on the Forex pair you are holding. You do not pay or receive any rollover interest unless you are holding an open position at the day\u2019s end.Rollover payment amounts are calculated by using the interest rates from the two currencies in the pair you are trading.Your trading position will earn you a credit if the currency\u2019s long interest rate is higher than the currencies short interest rate.NOTE: Below I show you how to find these rates in live time.On the other hand, your position will pay a debit if the currency\u2019s long interest rate is lower than the currencies short interest rate.Each broker will have a different time for the day\u2019s end, so please check with your broker for the correct interest rates and also for their close of day time.You can find more information on rollover and swap rates from this informational article on IC Markets website HERE. You can also find up-to-date rollover rates inside your MT4 terminal. How to Find Rollover Rates on MT4To find up-to-date rollover rates, open your MT4 terminal.Select the \u2018Market Watch\u2019 window and then right click anywhere inside the market watch panel.From the options select \u2018Symbols\u2019 When a new window appears find the Forex pair you are interested in.Select \u2018Properties\u2019 and you will be presented with details regarding that Forex pair including your swap rates for both long and short trades.See image below on how you can do this; Lastly, keep in mind each broker will rollover at different times and also have different swap rates. "}