// TRADING TERMINOLOGY
What is Position?
The amount of a security, commodity, or currency that is owned (long) or borrowed (short) by an individual.
In-Depth Explanation
Opening a position is the act of entering a trade. Closing a position is the act of exiting a trade and realizing the profit or loss.
Practical Example
"The trader currently has an open position of 2 lots on the GBP/USD."
Master the language of risk
Knowing the terms is just the start. Learning how to apply them is where the edge is found.
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