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The commission paid while using a Forex broker is an additional expense. A commission may be assessed by some Forex brokers for each trade made using their platform. Typically, this commission represents a small portion of the total deal value.
Holding open positions overnight can potentially result in overnight finance fees, often known as rollover. As a result, if a trader retains a position in a currency overnight, they are essentially borrowing one currency and lending another. This is because currencies are traded in pairs. The cost of rollovers might vary from broker to broker and from one currency pair to another.
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