Web Trader MT5
A spot currency trade normally has a set settlement date. Tom/next is used to move that settlement from tomorrow to the following business day. It combines two opposite currency transactions with different value dates, allowing an open position to continue without the trader taking delivery of the currencies. The price adjustment reflects the interest-rate difference between the two currencies, along with market and provider costs. Depending on the position, this can create a small credit or charge. Weekends and holidays can make the adjustment cover more than one day. Tom/next is therefore part of the daily rollover process in foreign exchange trading.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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