Forex encyclopedia

Random article: Swap Forex
Swap – is the retention or accrual amount settled in the process of overnight rollover of a trading position. Swaps are measured in pips and depend on direction of opened position and on the difference in the interest rates of Central Banks of states, which currencies constitute currency pair. Settlement and fixation of swaps take place in the last minutes of a trading day as per time of server (from 11:59 p.m to 00:00). Also there is a rule settling triple swaps for rollover from Wednesday to Thursday night, whereas swaps incurred from Friday to Monday are taken as for one time. If rollover of a position takes place during holidays, when the market is closed, swaps are respectively computed for the number of holidays falling to business days.
Popular article: Chaikin Oscillator
It is commonly known that the concept of Accumulation /Distribution indicator is contained in the theory stating that force of pressure of purchasers or vendors can be calculated in relation to Close price to High and Low of a respective time period. In other words, it can be stated that when price closes in the upper half of trade range (distance between High and Low), purchasers dominate on the market, or when price closes in the bottom half of trade range, there is a pressure from the side of vendors.
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