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?
7 answers
Maria
Sat Nov 23 2024
An open position can be classified as either long or short.
Bianca
Sat Nov 23 2024
A long position indicates a buyer's commitment to hold an asset.
emma_anderson_scientist
Sat Nov 23 2024
An open position refers to an active trade in the market.
Margherita
Sat Nov 23 2024
Conversely, a short position signifies a seller's obligation.
GalaxyWhisper
Sat Nov 23 2024
This trade has the potential to generate profits.