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Make Money in Forex by Avoiding These Psychological Risks May 24, 2022
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Overnight Position

Mira Team by Mira Team
January 11, 2021
in Forex Terms
Reading Time: 1 min read

Definition – What does Overnight Position mean?

An overnight position refers to a situation where a day trader chooses to keep a position open at the end of the trading session. Generally speaking, most day traders exit all their positions within a single day’s trading session and then start fresh the next day. However, a day trader may keep an overnight position if he believes the trend will continue to move strongly in the direction he is trading. An overnight position is sometimes referred to as a one night stand in trading slang.

ForexTerms explains Overnight Position

There are a number of reasons for keeping a position overnight, especially if it was entered late in the trading session and was still technically sound at the end of it. However, there are also risks that come with overnight positions. Because the forex market runs 24 hours a day, a seemingly strong trend may play out before the day trader gets back to it.

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