Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Whats the difference between Day Trading deals and Forward deals at Easy-Forex ?

April 26, 2017day trading Deals difference forward

0

10 Posted

Whats the difference between Day Trading deals and Forward deals at Easy-Forex ?

1 Answer

0

10 Posted

The Day Trading deal in FX rates is a currency exchange deal which renew automatically every night at 22:00 (GMT time) starting the day the deal was made, until it ends. As long as the deal is open, it is charged a renewal fee every night at 22:00 (GMT time). A forward deal does not renew every night, and it exists until it reaches the date set at its making. The main difference is the cost relating to the deals. The margin between the buy and sale rates in Day Trading deals is lower then that of the Forward deals, however – there is no renewal fee in Forward deals.