June 24, 2017

What is Day Trading?

Day trading include those deals which open and close on same day. Though it is possible to extend a day trading deal to next day but for this purpose one has to pay renewal fee because every night at 22:00 GMT the deal if renewed for next trading day. So as long as an investor wants to keep a deal open he has to pay renewal fee every night. In case if he has not cash balance in his forex account then renewal fee is deducted from his credit card or otherwise the deal gets closed.