Hey, Im a new trader. Im doing just Demo right now and plan to keep it that way untill Im able to make a consistent profit there. But, I have a question. Im learning how to trade with the Vegas Wealth Builder on the daily chart as my foundation for my egy. Then Im studying Candlestick patterns in general to be aware of when to do the trades.
My actual question: In the MT4's trading terminal there's a colum named swap. What is this, can it be intrest the broker fees me? In the moment Im brief in USD/JPY and I have 34 pips in profit so far. The swap colum states -1.80 however, and it seems to eat out of my profit . Could anybody please explain this to me?
Thanks up front and sorry for my poor english.