Back to Glossary
General TradingD
Daily Cut-Off
The daily cut-off in forex trading is the specific time of day when a trading day officially ends and a new one begins, typically 5:00 PM Eastern Time (New York). Open positions held past this cut-off are subject to rollover or swap charges.
Example
“The trader closed his EUR/USD position just before the daily cut-off at 5:00 PM ET to avoid paying the overnight swap fee.”