Welcome!

FunAdvice is a social question & answer site where you can make friends, share photos and meet people near you.

FunAdvice RSS for this page:

What's the difference between an intraday and overnight position?

Asked by yadav about 1 year ago, 1 answer.
Send me Fun Mail

What is the difference between an "intraday" and "overnight position"?

Answer | Ask a General Knowledge question

Send this to a friend

Answered by editor on Sep 26, 2007, 05:55AM
Send me Fun Mail | 7096 answers.

Hi,

In the foreign exchange market (Forex), intraday positions are all positions opened anytime during the 24 hour period AFTER the close of FX's normal trading hours at 4:30pm EST. Overnight positions are positions that are still on at the end of normal trading hours (4:30pm EST), which are automatically rolled by FX at competitive rates (based on the currencies interest rate differentials) to the next day's price.

Hope that helps.