Flat or Square – What is Flat and Square in forex?

Definition of Flat/Square:
It is a language mostly used by the dealer to explain a place that has been reversed or closed. For instance, if a trader purchased $200,000 and sold nearly the same amount of the similar currency, he would therefore make a flat position. An individual can enclose a flat book of trading if he does not have interest in its cost, a division typically held by the default bonds. Flat money is an expression used to explain a banknote which is printed by the government which cannot be exchanged and which requires economic value.