Glossary - S

This glossary defines terms used throughout SMC Trader.  A version of this glossary is also accessible through the SMC Trader platform.

The definitions are broken down as simply as possible to ensure you have full understanding of how the SMC Trader works.

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Swap Price »

A price adjustment, added to the opening price of the position, for forwarding a Forex trade beyond the original value date.

It is a function of the interest rate differential between the two trading currencies and may be in your favour or against you.