Slippage
The difference between the price you expected and the price at which the order actually filled.
Glossary
Swap Rates explained
A swap (or overnight financing) is the cost or credit for holding a leveraged position past the daily rollover. It comes from the interest-rate differential of the two currencies, plus the provider’s markup.
DefinedTerm · Swap Rates
The overnight interest credited or charged when a leveraged position is held past the provider’s rollover time.
What
The overnight interest credited or charged when a leveraged position is held past the provider’s rollover time.
Not
A recommendation to buy, sell, or hold any instrument.
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Definition
The working meaning
If you are long the higher-yielding currency, you may receive a credit. If you are long the lower-yielding currency, you usually pay. Triple-swap Wednesday is a common convention to cover the weekend. Gold and oil financing uses a different book but the same idea: you are renting exposure.
Swaps are not the spread and not a commission. A position that is “flat” on the chart can still bleed if you hold it for weeks against the swap. Always read the provider’s contract specification; this page does not quote live swap tables.
Education first: know that time in a leveraged trade has a price even when the market does not move. Short-term trades around the calendar care less; swing trades care more.
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Other terms in this set
Drawdown
How far an account or equity curve has fallen from its highest point, usually shown as a percentage.
Order Block
A chart zone some traders treat as leftover institutional buying or selling, used as a possible future reaction area.