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[Razor1911]

Over night interest rates or the swap rates are charged upon your position, when you hold them overnight. The charges may be small but when you hold your position for a long period, the charges will keep on accumulating.

Here is the example of swap charges it is my account that I am trading with-

The best way to avoid the swap charges is to create swap free account.There are many brokers who provides swap free account.

 

[MayorKayz]

I don't know that some brokers do charge for overnight position. I have used three brokers to trade forex and with those three brokers, non of them has really charged me for overnight position. The not thing they do is that they charge me on every trade, but only one did not use to charge for open position but only gain from the spread.

 

[Xrin Nightfall]

The best practice is - to use an Islamic account. Thus, there will be no interest for you or them. Clean everyone from any sort of interest. Also, you may start only day trading in that case, you will close all of your position, so, no interest for you as well. However, day trading is hard for newbies as prices always fluctuate more in the short ranges.

 

[Frenzybliz]

It's important to remember that overnight positions come with the risk of the markets moving, resulting in a loss. Consider restricting the size of any single trade, to reduce the potential of increased losses.

 

[Xrin Nightfall]

It's important to remember that overnight positions come with the risk of the markets moving, resulting in a loss. Consider restricting the size of any single trade, to reduce the potential of increased losses.

Having a clear strategy for handling potential threats is also crucial. As a result, traders are less likely to make the greed-related mistakes of over-leveraging and over-trading. Limiting your exposure to loss using stop-loss orders and careful position sizing might help you keep your cool when the market is turbulent.