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What is a position?

  • Answered
    • trading 101
    35
    asked 4 weeks ago

    Answer:

    Position refers to the state of your holdings. There are two types of positions, bought and sold. This refers to the currency pair that you are trading and which currency you are currently holding.

    Bought Position

    Being in the bought position means that you currently hold a currency that is not considered the base currency of the pair. For instance, if a user is trading in USD/BTC and he bought bitcoin with USD, then the position is bought because that user now has BTC.

    Sold Position

    Being in the sold position means that you currently hold a currency that is considered the base currency of the pair. For instance, if a user is trading USD/BTC and he sold bitcoin for USD, then the position is sold because the user now has USD.

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