What is intraday position? And how does it differ with overnight position?
Just confused. :)
- 4 Answers
- In Forex Strategies
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- by
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- thegreeks
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- 1 year ago
Answers
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Intraday position is a position intended to be opened and closed on the same day, while overnight position is a position to be settled on the next or subsequent trading days. |
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Intraday go flat at the end of the day or end of the session, similar to day trading. |
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Intra means “within†or “insideâ€. Therefore, intra-day trading means all positions are open within or during the regular 24-hour trading period. On the other hand, overnight positions are those positions that remain open for more than 24 hours. These positions are usually charged with interest because they are being held for more than one day. Also, these kinds of positions have higher risks. |
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Intra-day positions refer to positions that are opened and closed in the same trading day. |
