By closing the trade, your net open profit and loss will be realised and immediately reflected in your account cash balance. If your position is still open, your losses will only count if you choose to close the order and take the losses. Question Is Forex trading safe? A long position means that you want to buy the base currency and sell the" currency. Generally speaking, no currency pair can offer a novice a guaranteed profit. If the investor had shorted the AUD and went long the USD, he or she would have profited from the change in value. You can utilise stop and limit orders to help ensure that you lock in any profits and minimise your risk when your respective profit or loss risk targets are reached. Question Is it compulsory to open an account at a specific bank? The currency that you are purchasing is called" currency.
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