rollovers

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Generally speaking, in the foreign exchange market, currencies purchased on a "trading day" will be delivered two working days later, i.e. the delivery date. However, if investors do not wish to deliver the currency, they can simply extend their positions to the next delivery date or close their positions on the same trading day.
At around 5pm Eastern Time, all open positions will pay or receive overnight interest based on the currency combination traded. Overnight interest is calculated based on the difference in interest rates between two national currencies. For example, the interest on positions in euros/dollars is generated based on the interest rates of the European Union and the United States. If investors do not wish to earn or pay overnight interest, it is simple to close the position before 5pm Eastern Time.
Simply put, at 5pm Eastern Time on each trading day, positions that have not been closed will automatically be extended to the next trading day. As a major foreign exchange broker, DDO is able to provide its customers with the most favorable interest rates. If you need a deeper understanding of the process of position extension, please feel free to contact us at any time.