Cryptocurrency Q&A
What is a closed trade vs open trade?
What is a closed trade vs open trade?
Matteo
Tue Nov 19 2024
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6 answers
1552
I want to understand the difference between a closed trade and an open trade in the context of trading. I'm looking for a clear explanation of these two terms and how they apply in practice.
6 answers
Sara
Thu Nov 21 2024
This can be done by either purchasing a currency pair anticipating an increase in the exchange rate.
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Michele
Thu Nov 21 2024
Alternatively, one might sell a currency pair expecting the price to decrease.
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Carolina
Thu Nov 21 2024
Closing a position involves reversing the initial action.
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Lucia
Thu Nov 21 2024
Opening a position marks the commencement of a trading period.
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Davide
Thu Nov 21 2024
If a currency pair was initially bought, it would be sold at a new market price.
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