{"version":"1.0","provider_name":"For overseas forex cashback services, try Money Charger","provider_url":"https://money-charger.com/en/","author_name":"admin","author_url":"https://money-charger.com/en/author/admin/","title":"ThreeTrader's Swap System Explained Simply | Mechanism, Rules, and High-Swap Currencies (ThreeTrader) - Money Charger (Overseas FX Cashback Service)","type":"rich","width":600,"height":338,"html":"A simple explanation of swaps in ThreeTrader: Mechanism, rules, and high-swap currencies (ThreeTrader)
\n","thumbnail_width":1422,"thumbnail_height":750,"description":"This article provides a clear explanation of ThreeTrader's swap point system, including its rules, a list of swap points for each currency pair, calculation methods, and trading tips. With ThreeTrader, you can receive \"swap points\" based on interest rate differences simply by holding a position when trading currency pairs or CFD products. However, depending on the currency combination and the direction of the position, swaps can also be negative, so it's important to understand this correctly. ThreeTrader's Swap Points The basics of ThreeTrader's swap points are summarized in the following three points. Understanding the swap point system and rules in ThreeTrader helps prevent unnecessary costs and stabilize profits. Swap Points are Generated by Currency Interest Rate Differences Swap points are generated by the interest rate difference between the two currencies that make up a currency pair. Buying a currency with a higher interest rate and selling a currency with a lower interest rate results in a positive swap, while the reverse results in a negative swap. ThreeTrader calculates swaps daily based on this interest rate difference and automatically reflects them in your open positions. Swap Calculation Time and Day (Thursday: 3 days' worth) In ThreeTrader, swap points are calculated at the end of trading each business day (server time 0:00). This is reflected at 7:00 AM Japan time (6:00 AM during winter time). However, on Thursdays, since it spans the weekend, 3 days' worth is added at once. This is because swaps are incurred even though trading is closed on Saturdays and Sundays. Points to Note Regarding Swaps When Hedging In ThreeTrader, it is possible to hold the same currency pair in both buy and sell positions simultaneously (hedging). However, since swap points are incurred for both buy and sell, this may result in a net loss. ThreeTrader Swap Point List Here is a list of ThreeTrader's swap points as of the time of writing this article. The yen equivalent of the swap points per lot is also listed based on the exchange rate at the time of writing this article. Swap Point List for Major Currency Pairs (USD/JPY, EUR/USD, etc.) The swap points for major currency pairs handled by ThreeTrader are as follows. Among ThreeTrader's major currency pairs, swap points for currencies involving the yen, such as USD/JPY and GBP/JPY, are particularly noteworthy. The buy swap for USD/JPY is \"11 (approximately 1,100 yen)\" and even higher for GBP/JPY at \"14.32 (approximately 1,432 yen),\" figures close to those of high-interest currencies. On the other hand, dollar-denominated pairs such as EUR/USD and AUD/USD mainly have negative swaps, so caution is advised for long-term holding. Cross-yen pairs such as EUR/JPY, AUD/JPY, and NZD/JPY also have stable buy swaps and are suitable for trading aimed at positive swaps. List of swap points for minor currency pairs (AUD/NZD, etc.) The swap points for minor currency pairs handled by ThreeTrader are as follows. Overall, minor currency pairs in ThreeTrader mainly have negative swaps. Pairs combining the euro or US dollar with Nordic currencies (Norwegian krone and Swedish krona) have particularly high swap burdens, with EURNOK at approximately -12,000 yen and GBPNOK at approximately -3,874 yen, levels that are unsuitable for long-term holding. On the other hand, there are pairs like USDSEK (US dollar/Swedish krona) and GBPSEK (pound/Swedish krona) where the buy swap is slightly positive. Also, USDCNH (US dollar/Chinese yuan) and EURCNH (Euro/Chinese yuan) tend to incur negative swaps in either direction, making them suitable for short-term trading. List of swap points for high-interest currency pairs (ZAR/JPY, MXN/JPY, TRY/JPY, etc.) The swap points for high-interest currency pairs handled by ThreeTrader are as follows. Among the high-interest currency pairs in ThreeTrader, the difference in swap points is very large, and there are many instruments that are suitable for trading with an awareness of interest rate differentials. In particular, the swap points for the Turkish lira (USDTRY, EURTRY) are overwhelmingly high, with a high swap of around 3,000 to 3,700 yen for a sell position. On the other hand, a buy position will incur a large negative, so the cost burden will increase sharply if the direction is wrong. Mexican peso (USDMXN) and South African rand (USDZAR, AUDZAR, CHFZAR) also maintain relatively high swap rates, making them currencies where stable swap income can be targeted by holding long-term short positions. List of swap points for precious metal CFDs (XAU/USD, XAG/USD, etc.) The swap points for precious metal CFDs handled by ThreeTrader are as follows. With ThreeTrader's precious metal CFDs, there is a general tendency for negative swaps to be applied to long positions and positive swaps to be applied to short positions. Gold (XAUUSD) in particular has a relatively large negative swap of around -5,700 yen, so it is important to note that costs are likely to be incurred when holding a long position for a long period. On the other hand, a short position in gold comes with a positive swap of approximately +2,800 yen, so it is possible to operate while receiving swaps during a downtrend. Silver (XAGUSD) and platinum (XPTUSD) show a similar trend, with negative swaps for long positions and positive swaps for short positions. List of swap points for stock index CFDs The swap points for stock index CFDs handled by ThreeTrader are as follows. ThreeTrader's stock index CFDs clearly show a difference in costs and profits depending on the direction of the swap. Many indices have negative swaps for long positions and positive swaps for short positions, and in some cases, short-term short trades can even result in swap payments. In particular, the Dow Jones Industrial Average (US30) and the Nasdaq (NAS100) have relatively high sell swaps of +399 yen and +215 yen, respectively. Energy CFD Swap Point List The swap points for energy CFDs handled by ThreeTrader are as follows: ThreeTrader's energy CFDs include two crude oil instruments (WTI crude and Brent crude). Both have small positive swaps for long positions and negative swaps for sell positions. The buy swap for WTI crude (XTIUSD) is approximately +34 yen, and for Brent crude (XBRUSD) it is approximately +161 yen, both at relatively moderate levels. For sell positions, the swaps are -312 yen and -342 yen respectively, clearly showing a difference in swap impact depending on the direction. […]"}