// 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.

"The trader currently has an open position of 2 lots on the GBP/USD."

The completion of a buy or sell order in the market.

A market condition where prices are rising or expected to rise.

A market condition where prices are falling or expected to fall.

Buying an asset with the expectation that its value will increase.

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Knowing the terms is just the start. Learning how to apply them is where the edge is found.