Last update: 25 July 2024
Reading time: 1 min
A position refers to an open trade in the Forex market. A trader may have a long (buy) or short (sell) position. An open trade is called an “open position,” and a recently closed trade is a “closed position.” Every position that is opened will eventually be closed, and the trader will exit it. Therefore, we can only assess whether a position is profitable or losing once it has been closed.
25 July 2024
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