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The buying and selling of currencies to avoid delivery of the currency. Allows a trader to hold a position for a day without worrying about delivery.
Tomorrow Next
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Common Trading Terms
Related Terms
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Tom-Next is short for ‘Tomorrow-Next Day”, which is a short-term forex transaction that enables traders to...
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Forex trading is the simultaneous buying of one currency and selling another. When you trade in the forex...
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Forex stands for “foreign exchange” and refers to the buying or selling of one currency in exchange for...
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The delivery date, also known as the settlement date or value date, refers to the specific date on which an...
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A forward contract is a non-standardized contract between two parties, who enter into an agreement to...
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