Open Position
An active trade with corresponding unrealised profit or loss that has not been offset by an equal and opposite deal.
Related terms
Closed Position
A trade that is no longer active, closed by trading in the opposite direction to the one in which it was opened. Closing a position locks in its final profit or loss.
Read full definitionUnrealised Gain/Loss
The theoretical gain or loss on open positions valued at current market rates. Unrealised gains and losses become realised profits or losses only when the position is closed.
Read full definitionOvernight Position
A trade that remains open until the next business day.
Read full definitionMore in Trading
Aggressive
A description of traders and/or price action acting with conviction.
Read full definitionArbitrage
The simultaneous buying and selling of the same currency in different markets to profit from small price differences. The strategy exploits temporary inefficiencies in FX markets.
Read full definitionAt Best
An instruction given to a dealer to buy or sell at the best rate that can be obtained at a specific time.
Read full definitionAt or Better
An instruction given to a dealer to buy or sell at a specific price or better.
Read full definitionBroker
A third party coordinating the sale of financial securities between sellers and buyers. Exchanges only accept orders from their members, so traders and investors use brokers as intermediaries; brokers are compensated through commissions, fees or payment from the exchange.
Read full definitionBulls
Traders who expect prices to rise and who may be holding long positions.
Read full definitionWant this applied to your business?
Our specialists turn Trading concepts into a practical strategy.