What do open and closed positions mean in Forex trading?

Any Forex transaction implies a period of time. The period begins when you open 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 an open position. To make money on complex instruments like Forex trading, you should sell at a higher price than... Read full author’s opinion and review in blog of #LiteFinance