What is an open or closed position in trading?
In online trading, a position refers to the state of a trade after a trader has.
When a trader enters the market, they are said to "open" a position in the market. When a trader exists the market, they are said to "close" the position.
An open position means that the trader holds a certain quantity of a given.
In order to close a position, the position must be bought or sold back to the market. So to close a, traders would sell the asset back to the market. And to close a , the trader would buy the asset.
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