What do open and closed positions mean in Forex trading?

Any Forex transaction implies a period of time. The period begins with the opening of a position – you either buy a currency pair when the exchange rate should increase or sell it, expecting the price to fall. Closing a position is the reverse operation – you sell what was previously bought or buy out what was previously sold at a new market price.

How to open forex position: definition & examples

First, I’d like to explain what is the meaning of open position. To make money on Forex trading, you should sell at a higher price than you have… Read full author’s opinion and review in blog of #LiteForex