Strategy and performance
Position trading
Holding trades for weeks or months on a longer-term view. Trade frequency is low, financing costs accumulate, and the account's result depends on a small number of outcomes.
GFN’s figure
No GFN programme has a time limit, so a long holding period costs nothing but time. Swap accrues nightly on positions held past rollover and counts against the drawdown buffer, and the 2 Step still requires 3 qualifying trading days.
In detail
Position trading,explained
Position trading sits awkwardly with most evaluations, not because it is disallowed but because a handful of trades is a small sample, and a rule set designed for regular activity still has to be satisfied.
Swap is the dominant cost at this horizon. Months of financing on a position can exceed the spread and commission by a wide margin, and it comes out of the same equity the drawdown is measured against.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
Swing trading
Holding positions for days or weeks to capture a larger move. It requires wider stops, which means smaller positions, and it exposes the account to overnight swap and weekend gaps.
Swap
The financing charge or credit applied to a position held past the daily rollover. It reflects the interest rate difference between the two sides of the pair and can be positive or negative.
Time limit
A deadline by which an evaluation must be completed. Where one exists it changes the strategy entirely, because it converts a test of process into a test of process under a clock.
Minimum trading days
The number of separate days on which an account must trade before an evaluation phase can pass. Some firms also require a minimum profit on each qualifying day for it to count.
Rollover time
The point in the day when positions are rolled to the next value date and swap is applied. It is also when many platforms reset daily statistics, and spreads often widen briefly around it.
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