Trace Reed

An opening transaction would be the first order of a trade. For a long position, the “buy” is the opening transaction of a trade and for a short position, the “sell” is the opening transaction.

The closing transaction, simply takes the opposite side of the opening position. For a long position, the “sell” is the closing transaction and for a short position, the “buy” is the closing transaction.

Sunday, 3. August 2008 at 12:21 am Tagged as: FAQ.