Other influences on profitability

We have already mentioned that some retail FX providers will charge a ticket fee per transaction. This may also be referred to as brokerage or commission. Where this applies, it will need to be included in the calculations shown above.

Another consideration that applies to all FX traders is rollover, or swap. This relates to the net interest that either accrues or is charged to your account for any trades that are held ‘overnight’, or from one trading day to the next. Remember, in the FX world one day finishes and the next begins at 5.00 pm New York time. Although the majority of FX providers follow this convention, some do not. It is best to check when your provider rolls from one day into the next.