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Currency Trading Tips For Beginners
Currency trading is a platform where individuals speculate on the exchange rate between two currencies. Traders buy and sell currencies hoping to realize a profit. In order to succeed in currency trading you will need a source of accurate and timely...
Income Opportunities for Adventurers
Income Opportunities for Adventurers By William Cate If you want to spend your life seeing the world and not forty years condemned to an office cubicle, how can you do it? In the past, the solution was to write books, articles and give travel...
Introduction To Forex
The Foreign Exchange Market – better known as FOREX - is a world wide market for buying and selling currencies. It handles a huge volume of transactions 24 hours a day, 5 days a week. Daily exchanges are worth approximately $1.5 trillion (US...
Managing bank liquidity in real time
Just a decade ago the concept of bank liquidity was for all intents and purposes only one for the Bank Regulator to really concern himself with. Certainly, a bank had to remain liquid – a critical factor if it were to continue to enjoy the...
Will a falling Dollar derail your plans for retirement?
By now we are all familiar with the decreasing value of the US dollar. What you don't know about this situation could hurt you. Learn why this is happening, what the implications are for your retirement portfolios, and...
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What Is Rollover Interest In The Forex Market?
In the spot forex market, all trades must be settled in two business days. A rollover refers to the process of closing open position for today's value date and the opening of the same position for the next day's value date at a price reflecting the difference in interest rates between the two currencies.
In accordance with international banking practices, Forex brokers automatically rolls over all open positions to the next date at 5 PM EST for settlement.
Rollover involves exchanging the position being held for a position expiring the following settlement date. For example, for trades executed on Monday, the value date is Wednesday.
However, if a position is opened on Monday and held overnight, the value date is now Thursday. The exception is a position opened and held overnight on Wednesday. The normal value date would be Saturday; because banks are closed on Saturday the value date is actually the following Monday. Due to the weekend, positions held overnight on Wednesday incur or earn an extra two days of interest.
Trades with a value date that falls on a holiday will also incur or earn additional interest. Forex Traders can earn interest on
rollovers, depending on the direction of their positions and interest rate differential between the two currencies involved.
For instance, the primary interest rates in Great Britain are much higher than in Japan, so if a trader buys GBP, he/she will earn interest at 5 PM EST time. on the other hand, if he/she sells GBP in this currency pair, he/she will pay interest at 5 PM EST time.
Overnight Interest/Rollover is automatically paid to a client's account after buying a currency with greater Interest Rate in its country, and charged to a client's account if the country issuing this currency has smaller Primary Interest Rates.
About the Author: Martin Maier is the Founder of Fenix Capital Management LLC http://www.fenixcapitalmanagement.com . He is the developer of various futures and commodities trading programs and his systems have been ranked and rated by various large American Investment Profile Rating Companies such as STAR and MAR.
Source: www.isnare.com
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