Let me tell you, trading with EncoreFX means you really have to watch out for the "swap" or overnight interest - it can significantly impact your positions. This interest is tied to the differences in national interest rates for each currency pair. If you hold a position overnight, your account will be either credited or debited. The sum of this transaction is decided by the differential interest rate and which way your position goes. It's crucial to incorporate these rates into your trading strategies because they can eat into your overall profits. So, always remember to strategize wisely!
Let me tell you, trading with EncoreFX means you really have to watch out for the "swap" or overnight interest - it can significantly impact your positions. This interest is tied to the differences in national interest rates for each currency pair. If you hold a position overnight, your account will be either credited or debited. The sum of this transaction is decided by the differential interest rate and which way your position goes. It's crucial to incorporate these rates into your trading strategies because they can eat into your overall profits. So, always remember to strategize wisely!
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