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Homeweb3.0What does opening, closing, and holding positions in the currency circle mean? Popular explanation of opening, closing, and holding positions in the currency circle

In digital currency trading, opening a position refers to a trader buying or selling a digital currency, closing a position refers to selling or buying all the digital currencies that have been opened, and holding a position refers to The number of digital currencies that have been opened but not yet closed. Popularly understood, opening a position is like going to the store to buy something, closing a position is like selling the things you bought, and holding a position means you haven't taken out the things you bought.

What does opening, closing, and holding positions in the currency circle mean? Popular explanation of opening, closing, and holding positions in the currency circle

Detailed explanation of opening, closing and holding positions in the currency circle

Opening a position

  • refers to traders buying or selling a digital currency on a digital currency exchange.
  • After opening a position, the trader has the corresponding amount of digital currency.
  • There are two ways to open a position: buying to open a position and selling to open a position.

Closing

  • refers to the trader selling or buying all the digital currencies that have been opened.
  • After closing the position, the trader no longer holds the digital currency.

Positions

  • refers to the amount of digital currency that a trader has opened but has not yet closed.
  • Positions can be long (buy) or short (sell).
  • Position size determines a trader’s potential profit or loss.

Popular explanation

  • Opening a position: It’s like going to the store to buy something. Buying to open a position is equivalent to buying. For digital currency, selling to open a position is equivalent to selling digital currency.
  • Close a position: It’s like selling something you bought. Buying to close a position is equivalent to selling digital currency, and selling to close a position is equivalent to buying digital currency.
  • Position: Just like you put something in your bag but haven’t taken it out, holding is the digital currency that you haven’t sold yet.

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