Lesson 9: Overnight Financing Charges Explained
Financing Charges Explained. http://bit.ly/2RGAnYA If you hold a position overnight you need to pay a financing fee. PLEASE SUPPORT US BY LIKING THIS VIDEO IF YOU FOUND IT USEFUL A charge to 'borrow' the money is required for the position value. With the current very low interest environment this sums up to about 2% to 3% per annum. Day traders who open and close positions during the same day won't need to worry about financing fees.
via YouTube https://youtu.be/fXwI_X47CQ8
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