Cryptocurrency Q&A What is open trade in forex?

What is open trade in forex?

Martino Martino Thu Nov 21 2024 | 7 answers 1753
I'm interested in understanding open trade within the context of forex. Could you explain what it entails and how it operates within the foreign exchange market? What is open trade in forex?

7 answers

Maria Maria Sat Nov 23 2024
An open position can be classified as either long or short.

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Bianca Bianca Sat Nov 23 2024
A long position indicates a buyer's commitment to hold an asset.

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emma_anderson_scientist emma_anderson_scientist Sat Nov 23 2024
An open position refers to an active trade in the market.

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Margherita Margherita Sat Nov 23 2024
Conversely, a short position signifies a seller's obligation.

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GalaxyWhisper GalaxyWhisper Sat Nov 23 2024
This trade has the potential to generate profits.

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