Noob here! I am thinking of taking advantage of currency swings and closing my positions everyday so that I don't have to pay rollover fees with a ECN that I am thinking of using. What confuses me is "what" time do I need to close them?
ECN states that settlement is done everyday 10-11 GMT but what I don't get is, doesn't it take "two" days for settlement?
I am trying my best to learn all these things, but these questions pop in mind now and then. So in simple terms, when do I close my positions and take profit without the risk or rollover fees etc?
Thanks!
ECN states that settlement is done everyday 10-11 GMT but what I don't get is, doesn't it take "two" days for settlement?
I am trying my best to learn all these things, but these questions pop in mind now and then. So in simple terms, when do I close my positions and take profit without the risk or rollover fees etc?
Thanks!