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Rollover — definition & meaning

The daily process of carrying a position past the session close.

Rollover is the daily point at which open positions are 'rolled' into the next day, triggering the swap interest adjustment. In forex it typically happens at 5pm New York time.

Holding through rollover means paying or receiving swap. On Wednesdays many brokers apply triple swap to account for the weekend settlement, which can surprise traders who don't expect it.

The information on Trding.io is for general information only and is not investment advice. Trading involves a real risk of losing money, and most retail traders lose. Never trade money you cannot afford to lose.

Related terms

Swap (rollover)
Interest paid or earned for holding a leveraged position overnight.
Overnight financing
The cost of funding a leveraged CFD or margin position held overnight.
Carry trade
Profiting from the interest-rate gap between two currencies.
Spread
The gap between the bid and ask price — a built-in cost of trading.
Slippage
The difference between your expected fill price and the actual one.
Commission
A per-trade fee some brokers charge on top of, or instead of, the spread.

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