Closed Position
A trade that has been exited, so its profit or loss is now locked in.
In plain English
A trade that has been exited, so its profit or loss is now locked in.
A closed position is a trade that is finished. If you bought, you have sold; if you sold, you have bought back. The result moves from 'floating' to 'realised' and lands in your balance.
Until a position is closed, its profit or loss is only on paper and can change with every tick.
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