One newbie question about FX:
Once I do a spot buy or sell, how much time do I have until I need to close that position? I mean, is there an equivalent of like T+3 like in stocks?
Forex V6
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 Jul 31 2009, 02:51 PM
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Junior Member
98 posts Joined: Jan 2003 From: Alpha Centauri 
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Aug 3 2009, 02:50 PM
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Junior Member
98 posts Joined: Jan 2003 From: Alpha Centauri
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QUOTE(gslearning @ Jul 31 2009, 03:06 PM) Spot FX has no expiry date, you can hold it as long as you want.  QUOTE(NirukaKL @ Jul 31 2009, 03:25 PM) But ofcourse with swap rates (interest, very small amount only) QUOTE(tachlio @ Jul 31 2009, 08:17 PM) if you a long term player, find one with high interest + having nice up trend and put your luck there. Thanks guys for the infos, so just to clarify, this interest is what the broker will be paying to me? Not something that I have to pay them for holding the position overnight right? On another question, right now I'm still running demos but planning open a live account in the future. Anyone here opening accounts in non-USD denominations? I was thinking to open a GBP or EUR account in case the USD extremely devalue in years down the line. Any advantages or disadvantages by doing this? |
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