Hi all, I was wondering if anyone can help me out. I have been investing and day trading on T212 for a few months now. I am thinking of buying a reasonable sum of CFDs to hold for around 2/3 months.
My understanding of swap costs is that the cost per night is the value stated under the instrument details multiplied the position size.
For example let’s say I have a CFD position with the following spec
Position size: 25
Long swap cost: -0.0857
Cost per night: -2.1425
This would be the cost debited to my account each night that I have the position open with some variability based on dynamic swap costs.
Is my understanding correct? I would greatly appreciate some help!