What is the difference between an “intra-day” and “overnight fx position”?
Intra-day forex positions are all positions opened anytime during the 24 hour period AFTER the close of normal trading hours at 4:30pm EST. Overnight forex positions are positions that are still on at the end of normal trading hours (4:30pm EST), which are automatically rolled at competitive rates (based on the currencies interest rate differentials) to the next day’s price.
