Settlement time confusion

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!

You should do it every day before the rollover time of your broker (10 GMT in your case). Even if you open a trade just before that time, it will also get a "rollover".

That really helps, thank you for clearing that up for me! The two day settlement thing just didn't make sense to me for that.