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Overnight Positions / Rollover

Managing Costs When Your Trades Continue Overnight.
Leverage PolicyNegative Balance ProtectionStop Out PolicyExecution PolicyOvernight Positions / RolloverOrder TypeTrading Hours

Navigate the Markets with Confidence: Understanding Overnight Positions and Rollover at Juno Markets

In the dynamic world of trading, understanding the mechanics of overnight positions and rollover is crucial for effective risk management. At Juno Markets, we provide transparent policies to help you navigate these aspects with ease.

Overnight Positions

An overnight position refers to a trade that remains open past the standard closing time of the market. In forex trading, since markets operate 24 hours a day, this typically means holding a position past 5 PM New York time (EST).

Rollover Explained

Rollover, also known as swap, is the process of extending the settlement date of an open position. If you hold a position overnight, you may either earn or pay interest, depending on the direction of your trade and the differential in interest rates between the two currencies involved.

Juno Market Rollover Policy

  • Clarity on Costs: we provide clear details on rollover rates, so there are no surprises.

  • Risk Management: understanding rollover and the 3-day charge on Wednesdays helps you manage the cost of holding positions overnight.

  • Supportive Trading Environment: our team is dedicated to offering support and guidance to help you navigate the markets successfully.

With Juno Markets, you're equipped with the knowledge and tools to manage overnight positions confidently, ensuring your trading strategy is executed with precision and foresight.
Wednesday is typically associated with a 3-day rollover in forex trading due to the way the spot forex market's settlement works. Trades take two days to settle. If you were to hold a position open on Wednesday, it would normally settle on Friday. However, since the market is closed on weekends, the settlement is actually rolled over to the next available business day, which is Monday. Therefore, holding a position overnight on Wednesday incurs three days' worth of rollover interest to cover the weekend.

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Overnight Positions / Rollover - Juno Markets