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Closing a position means removing the initial exposure and making do with the results yielded during the holding period - whether these results are profit or reduce exposure. To close a position means to remove the initial exposure and make do with the results yielded during the holding period - whether these results are profit or reduce exposure. A trader would typically want to exit an open position for one of the following reasons:
- to exit is the only appropriate way to meet the margin requirements
- the targeted profit has been achieved
- the loss level has reached the limit
- market conditions have changed
To close your position, Go to Position status and select Close Position and review the final values.
The formula reflecting the Expected Close Price is simple: it is the Market Price of the asset minus the price impact produced by the trade. Hope you have a good profit on closing.