What is the difference between an intraday and overnight position?
Intraday positions are those that were opened anytime during the 24-hour period and closed by the close of the trading day 17:00 Eastern Time. An overnight position is any position which stays open past the end of normal trading hours 17:00 Eastern Time. These positions are automatically rolled by IFX Markets at competitive rates to the next day’s price.
Intraday positions are all positions opened anytime during the 24 hour period AFTER the close of Forex Capitals normal trading hours at 5:00pm EST. Overnight positions are positions that are still on at the end of normal trading hours (5:00pm EST), which are automatically rolled by TopForexCompanies.
