Closed Position – What is a Closed Position in forex trading?

What is a Closed Position?
Definition of Closed Position: It can be defined a position in a specific currency where any exposure of the danger in the overseas currency has been eradicated. The procedure to shut a specific position is to purchase or sell a particular amount of money to compensate an equal quantity of money in the relevant open position. This specific action will offset, square or make the position even. Closing a lengthy position demands selling and the closing of a short position needs purchasing.