FOREX "rolled over" charge?

[FXtrad]

What is this on my account about an interest fee? It was for positions held more than 24 hours.

[stoploss]

It has to do with the interest rate difference between the two currencies. Someone else could post a better explanation?

[lori]

check out babypips.com---they have a wonderful website that explains all of this very clearly and easy to understand. click on 'school'.

[gbp]

If you hold positions overnight, you will be charged interest, or you will be paid interest. It depends on the two currencies, whether you are long or short. FYI, you will see shorts start to cover on USD/JPY toward the end of the week for this reason. They do not want to be charged interest over the weekend.