[Sledge]

Quick def: if you hold a position past closing you get "Swap" money deposited into your account, sometimes called Rollover as well.

Ok, at one time I had two brokers and would watch this fleecing of my account.

I'd place 1 (2.00) GBP/USD LONG order on 1 broker and 1 LONG on another:

Broker A would TAKE approximately $5 from me at the end of the day.
Broker B would GIVE me $5 at the end of the day on a 2.00 Lot of GBP/USD

Now yesterday (Monday) I was in a Short position that happened to close out after EOD. My broker TOOK $30 off me on the Swap on a 2.00 Lot.

I have been in this game for a while now and cannot for the life of me figure this out- If I am Short on the pound I EXPECT the interest rate difference of the USD and GBP multiplied by my lot size to be deducted from my account.

If I am LONG- shouldn't the dollar amount of the swap be the SAME?
I.E. If I am short 2 lots of GBP I should get a -$30 Swap
On Day two I am Long- should I not get a deposit of $30?

Seems as if I'm getting hosed- if I'm long I get $5 dollars- if I'm short they take $30- Seems a shady bunch of B.S. if you ask me!

Also in the first example above- the Broker who always took from me on longs and shorts- were cut from my trading life- hard enough to make money in this game without being stolen from also!