Profit from carry trading?

[BigBird]

Hi,

How does Realtime Forex process carry trading profits in it's system? I can't see any documentation on this or any details in the trading application Is this the same as the "Swap" profit/loss that is processed each day? I have a long position on AUD/JPY and would expect to see some form of carry trade "interest" receipt. This is the case with other trading systems. With a 4% spread on interest rates between the 2 currencies can someone please advise how I can see this profit? Is this possible with Realtime Forex?

Thanks.

[RTFX-Trading]

In the forex (FX) market, rollover is the process of extending the settlement date of an open position. In most currency trades, a trader is required to take delivery of the currency two days after the transaction date. However, by rolling over the position - simultaneously closing the existing position at the daily close rate and re-entering at the new opening rate the next trading day - the trader artificially extends the settlement period by one day.

Often referred to as tomorrow next, rollover is useful in FX because many traders have no intention of taking delivery of the currency they buy - rather, they want to profit from changes in the exchange rates. Since every forex trade is transacted by borrowing one country's currency to buy another, receiving and paying interest is a regular occurrence.

At the close of every trading day, a trader who took a long position in a high yielding currency relative to the currency that he or she borrowed will receive an amount of interest in his or her account. Conversely, a trader will need to pay interest if the currency he or she borrowed has a higher interest rate relative to the currency that he or she purchased. Traders who do not want to collect or pay interest should close out of their positions by 23h00 CET.

Theses swap operations can be view on your trading platform : View, Transaction History, in Any type select swaps . The difference of swap close rate and swap reopen rate will reflect the interest rate differential.

Best regards.

[Anne09]

Rollover involves exchanging the position for a position expiring the upcoming settlement date. For instance, trades executed on Monday, the value date is Wednesday. overnight interest or rollover is automatically paid to a client’s account after buying a currency with greater interest rate and charged to a client’s account if the currency has smaller primary interest rates.