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Closed Position

Closed Position		Exposure in foreign currencies that no longer exists.
Additional comments: The process to close a position is to sell or buy a certain amount of currency to offset an equal amount of the open position. This will square the position.

Related Terms
		Covered Option A position offset by an equal and opposite position in the underlying security. ... Open Position An active trade with corresponding unrealized P/L, which has not been offset by an equal and opposite deal. ... Long Position A position that appreciates in value if market prices increase. When the base currency in the pair is bought, the position ...

 

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