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Forex question What does rollover stand for?
avatar Catkathy
Question by: Joseph - 01 Nov 2016, 08:43:38
What does rollover stand for?
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Answers (1)
avatar user 11277
Answer by: Samanthar - 01 Nov 2016, 08:52:33

Generally, traders decide to open and close many positions during the day in order to gain the maximum profit in a short time. However, if they decide to hold a position overnight, then each account is credited or debited at an interest charge calculated on the full size (notional value) of the trader’s’ position. This particular type of interest is called rollover fee or overnight swap and it is automatically calculated normally between 10pm and 3 am (London time zone)

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