When Forex day trading, a trader will hold a trade open over the course of a day and close out the position by the close of the day. The Forex market is a 24 hour a day market but a broker will have set times they will close open positions and then immediately re-open them. If a trade isn’t closed by the end of the day, then the trade is either charged or credited with interest.

With Forex day trading, a trader will use time frames to trade according to a day trading strategy and will have specific set ups based on day trading.