Overnight Position
A trade that remains open until the next business day.
Related terms
Rollover
The process of extending the settlement date of an open position. In forex, it involves transferring the settlement of a trade to another value date.
Read full definitionTomorrow Next (Tom/Next)
The simultaneous buying and selling of a currency for delivery the following day.
Read full definitionDay Trading
The practice of opening and closing positions within a single trading day to profit from short-term price movements, avoiding overnight positions.
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Aggressive
A description of traders and/or price action acting with conviction.
Read full definitionArbitrage
The simultaneous buying and selling of the same currency in different markets to profit from small price differences. The strategy exploits temporary inefficiencies in FX markets.
Read full definitionAt Best
An instruction given to a dealer to buy or sell at the best rate that can be obtained at a specific time.
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An instruction given to a dealer to buy or sell at a specific price or better.
Read full definitionBroker
A third party coordinating the sale of financial securities between sellers and buyers. Exchanges only accept orders from their members, so traders and investors use brokers as intermediaries; brokers are compensated through commissions, fees or payment from the exchange.
Read full definitionBulls
Traders who expect prices to rise and who may be holding long positions.
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