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Do I need to close my positions overnight?
In the FTMO Challenge or Verification, you don’t need to. During these stages, you can keep your positions open overnight and over-the-weekend as well.
However, on the FTMO Account, we require you to close your positions just before the markets close for the weekend. In other words, to be flat on Friday evening CE(S)T – Central European (Summer) Time. Our FTMO Traders must respect the market timings. For example, if you trade Indexes (S&P500, DOW, FTSE, DAX,…) on the FTMO Account, we require you to close your positions just before these particular markets close on a daily basis. However, if there is an overnight rollover of up to two hours on any instrument, it is permitted to keep your positions open; i.e. you don’t need to close your trades just because of this overnight rollover. Every asset class and its respective instruments might have different trading hours that have to be adhered to.
To find the tradeable hours of every individual instrument, you can go directly to your MetaTrader platform. When you open the Market Watch (Ctrl+M), right-click on the instrument of your interest, and choose ‘Specification’. In the dialogue window, scroll down and you can see the ‘Trade’ hours of the subject instrument. In the cTrader platform, open Markets – right-click on the instrument of your interest, and choose ‘Market Symbol’. The trade hours will display in the same dialogue window.
If you trade cryptocurrencies, some can be traded during specific hours of the weekends as well.