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What is the Effect of a Roll over On an Open Position and when does it Take Effect?.
Pro and Corns of Roll overs
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- In Forex Brokers
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- John Ka...
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- 1 year ago
Answers
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Any positions that are open at 5 p.m. sharp are considered to be held overnight, and are subject to rollover. |
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Your account is either credited or debited rollover interest and this happens for any positions open at 5p.m. |
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If you hold a spot forex position overnight, at 5pm New York time, then you will either pay or receive what’s called the rollover fee. |
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The effect of Roll over to an open position is we may earn or pay interest depend on the outstanding amount and interest rate. |
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It does take effect on the end of each trading day. But in wednesday it trippled as it takes account of saturday and sunday. rest of the days are normal. Next, the impact is depends on the position size and pair, it positively or negatively affects your account equity balance |
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Any positions that are open at 5 p.m. sharp are considered to be held overnight, and are subject to rollover. |
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IN an open position ones account will have to be credited or debited for a rollover depending on the pair one is trading usually rollover takes place at 23.00GMT |
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