Thread: How Rollover Works in Forex Trading Part 2
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Old 06-07-2008, 10:51 AM
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David Waring David Waring is offline
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Originally Posted by kawola17 View Post
Hello David,

So if you hold from Tuesday to Wednesday, you get paid 3 days worth of interest?

Or is it if you hold from Wednesday to Thursday you get 3 days worth of interest?

i.e. If interest paid is $50, you will get paid $150.

Is this true? Why is Wednesday interest paid more?

Thanks in advance.

Sincerely,
Bill
Hey Bill,

If you hold a position past 5pm NY time on Wed. then you are paid triple unless there is a holiday in one of the countries involved in the currency pair, in which that number may be different.

The reason why it is triple on Wed is because positions held past 5pm NY time Settle on Monday due to the weekend so you are paid the normal 1 days worth of interest plus two extra days to take into account the weekend.

Hope that helps. Let me know if there are any other questions.

Best Regards,
Dave
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