At Trader GP, we aim to provide flexibility while maintaining a controlled trading environment. Here’s what you need to know about holding positions overnight or during weekends:
Understanding Overnight and Weekend Holding
• Overnight Holding: Refers to holding a trading position open past the market’s daily closing time and into the next trading day.
• Weekend Holding: Refers to holding a trading position open from the market’s Friday closing time until it reopens on Sunday evening or Monday morning (depending on the market).
Trader GP’s Policy
• Phase 1 and Phase 2:
There are no restrictions on holding positions overnight or across weekends during both Phase 1 and Phase 2 of the trading challenge. You can maintain positions as needed to execute your strategy.
• Funded Traders:
As a funded trader, weekend positions are not allowed. The market can be highly unpredictable over the weekend, and this rule is in place to protect both traders and their accounts from unnecessary risk. Overnight positions are still permitted as long as they are not held across the weekend.
Important Considerations
Swap/Rollover Fees:
Be aware of potential swap or rollover fees that may be charged for holding positions overnight or over the weekend, especially in Forex trading. These fees are based on interest rate differentials between the currencies involved in the trade.
Weekend Gaps:
Market gaps can occur over the weekend due to news events or other factors. These gaps can result in significant price changes when the market reopens, potentially impacting your open positions.
If you have any questions about this policy or how it applies to your trades, please contact our support team for clarification.