102. How Rollover Works in Forex Trading Part 2

http://www.informedtrades.com/21270-setting-up-your-demo-forex-trading-accoun...
The second lesson of two on what rollover is and how it works for traders of the forex market who hold trading positions overnight.

Category:

Howto & Style

Tags:

• rollover
• trading
• forex
• forextrading
• currency
• demo
• fx
• daytrading
• day
• trade
• stockmarket
• investing
• finance
• money

[sujajajjaakakajjs]

hi,

would I pay/earn interest if the position is opened at 4:55 and closed 5:05 the same day or I need to wait 24 hours? will it be 3 day interest on Wednesday?

thanks

[InformedTrades]

Hi, Yes you would earn interst under this scenario. You do not have to hold the position for any specific period of time other than it has to be open before 5pm NY Time and closed after 5pm NY time. Best Regards, Dave

[swingkid]

How about if you open and close a position after 5pm NY time? Do you still have to pay interest?

[InformedTrades]

Hi Swingkid, No as long as you open the position after 5pm NY time and close it before 5pm NY time the next day then you will not have to pay interest. Best Regards, Dave

[InformedTrades]

Hi Onlydragon, Two books that I like for technical trading strategies are technical analysis of the financial markets by john murphy and High Probability trading by marcel link.  Best Regards, Dave

[bullavkrishna]

@sujajajjaakakajjs Hi i wanted to know how if rollover takes place on wednesday we get interest payed for 3 days.I look at this was:interest will acrrue for thursday saturday,sunday and monday...so we should get 4 dyas intererest but ahy everywhere we have 3 dyas interest

[qiranwang]

Hi Dave: if i hold AUD after 5pm NY time , then i sell the AUD at 5:05, would i still get paid interest???

CHEERS!!!!

[andmeaswell]

Hi David,

Are rollovers always timed from the New York close, regardless of where you are in the world?

[sujajajjaakakajjs]

thank you

[swingkid]

Awesome, thanks Dave.