Thursday, September 11, 2008

When does ForexGen trading occur?

The first session, which is the Tokyo Session, begins each week on Monday morning in the Asia-Pacific region which is Sunday evening in the Americas.
Trading continues non-stop moving into the London Session and on to the New York Session until all markets close on Friday afternoon.

Most retail forexgen transactions have a settlement date when the currencies are due to be delivered.
If you want to keep your position open beyond the settlement date, you must roll the position over to the next settlement date.
Some dealers roll open positions over automatically, while other dealers may require you to request the rollover.
Most dealers charge a rollover fee based upon the interest rate differential between the two currencies in the pair.
You should check your agreement with the dealer to see what, if anything, you must do to roll a position over and what fees you will pay for the rollover.

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