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
Categories
Common Trading Terms
Partner Center
Find a Broker
Related Terms
-
Tom-Next is short for ‘Tomorrow-Next Day”, which is a short-term forex transaction that enables traders to...
-
Forex trading is the simultaneous buying of one currency and selling another. When you trade in the forex...
-
Forex stands for “foreign exchange” and refers to the buying or selling of one currency in exchange for...
-
The delivery date, also known as the settlement date or value date, refers to the specific date on which an...
-
A forward contract is a non-standardized contract between two parties, who enter into an agreement to...