Hello,
I would like to know how to calculate the interest on a trade carried overnight, e.g the other day I went long 0.1 lot USD/JPY and got $ 4.10 as interest.
I know its calculated from the interest differential of the two countries involved, but does anyone have a formula, so that I can know in advance how much interest I will gain/pay whenever I leave a position overnight.
Thanks
I would like to know how to calculate the interest on a trade carried overnight, e.g the other day I went long 0.1 lot USD/JPY and got $ 4.10 as interest.
I know its calculated from the interest differential of the two countries involved, but does anyone have a formula, so that I can know in advance how much interest I will gain/pay whenever I leave a position overnight.
Thanks