Closed Position – Forex Economic Dictionary

Forex Economic Dictionary
Economic Dictionary

Closed Positionthis is a zero net position regarding currency or financial instrument. You perform a security transaction, which is contrary to an open position, then eliminate the initial exposure. Closing a long position in a security demands its sale, while closing a short position in a security means buying it back. The difference between the price of closing and that one of opening position submits the gross profit or loss on that security position.

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