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Replies to #21782 on FOREX TRADERS
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Worn_Buffet

06/16/08 5:28 PM

#21783 RE: gfinney #21782

Can you by any chance copy & paste exactly how this transaction apprears from your transaction history page?

& which platformm are you using...Oanda?

if it is Oanda than from your platform window go to

account (top left part of the screen) & then click

account details...

from there it should tell you your "margin rate" aka leverage

I think the default leverage on the Oanda demo platform is either 20 or 30-1

Also...after you click 'account' from your platform screen you should be able to see "full transaction history"...from there you should be able to view the transaction in question & then copy & paste it here to the board so I can see just exactly what occured.

Tho I'm thinken u aren't using Oanda cuz Oanda doesn't use the term 'Swap' on their demo platform......I think swap means the interest you gained while the position was open or the interest that you were charged.....depending of course upon which currency you were long. In this case....GB has a higher interest rate than Japan so u gained interest while holding this position...in addition to your position gain. If you were to have gone short gbp/jpy u would have been charged interest...in addition to any position losses incurred.

I'm kinda a newbie too so u r 4warned....lol

Hope this helps tho....

Cheers Gerry!!

Rob
















"Risk comes from not knowing what you're doing."

Warren Buffet