What is Overnight financing?
Brokers & ordersThe daily fee (or credit) for holding a leveraged position past the rollover. Also called swap.
Think of it like: Rent on borrowed money, charged every night.
Real example: A $10,000 long CFD at 7% a year costs about $1.90 a night.
Lesson: CFDs: trading the price, not the thing Practise it now: Follow the Sun Practise it now: Order Up!