With automatic rollovers, your positions never expire.

In the spot forex market, trades settle in two business days. For example, if you sell 100,000 euros on Tuesday, you must deliver 100,000 euros on Thursday (unless you roll the position). In order for you to avoid this position maintenance headache, PFG automatically rolls over all your open positions (i.e., swaps the trade forward) to the next settlement date two business days in the future, at 5 p.m. (New York) daily.

There may be a carrying (rollover) cost associated with holding a position overnight. (For day traders that never hold a position overnight, there are no carrying costs whatsoever.) However, forex positions can actually make money on the rollover because your profit or cost is determined by the difference in interest rates between the two currencies.

Here's how it works: If you are long the currency with the higher interest rate, you will gain on the spot rollover due to its premium relationship to the short currency.

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