Position

Additional Images
 
More Information
 
Contributors: Mike A., Tom.Lund, mikea, GeneW

Position

A position is an open transaction. You've bought something, and you're holding on to it, but you haven't sold it yet. A buy transaction is a long position, and a sell transaction is a short position. The size of a position refers to how much currency has been bought or sold. When you initially buy or sell, you "open" the position. When you are done with the trasaction, you "close" the position.

When you have an open position, your MetaTrader software will show you how much you will gain or lose if you close it. It is advisable to always use a stop loss on every order. If you need to add a stop loss to an existing order in MetaTrader, right click on it and choose "Modify or Delete Order." For open orders, you can't change the price you entered at, but you can plan for the price you will exit at by setting a Stop Loss and/or Take Proft.

In Alveo, Position is shown on the bottom status bar as two numbers.  The two numbers in position let you know how many lots you have open and how many you can have total. The first number is open lots and the second is total allowed for your account.

 
Term Updated
Adjustment 2013-12-31
ADX (Average Directional Index) 2016-7-16
Alignment Strategy 2012-9-13
Anti-Martingale 2012-10-10
Aroon 2012-10-11
Ascending Triangle 2012-9-13
ATR (Average True Range) 2012-9-12
AUD (Australian Dollar) 2012-9-13
Backtesting 2016-5-17
Banker's Close 2012-10-12
Base Currency 2012-10-15
Bearish Breakdown 2012-10-10
Bearish Pullback 2013-12-31
Benjamin Formula 2013-10-3
Black Box 2012-10-15
Bollinger Bands 2014-11-6
Bond 2012-10-10
Bracket Order 2012-9-18
Break Even 2012-10-10
Broker 2012-10-15
Bullish Breakout 2012-11-22
Bullish Pullback 2012-9-18
Bulls and Bears 2012-9-13
Buy Limit 2013-12-26
Buy Stop 2013-12-26
Cable 2012-10-10
CAD (Canadian Dollar) 2012-10-12
Candlestick Patterns 2012-10-10
Candlesticks 2017-3-7
Carry Trade 2016-5-17
CCI (Commodity Channel Index) 2012-10-12
CHF (Swiss Franc) 2012-10-12
CNY (Chinese Yuan Renminbi) 2012-10-10
Commissions 2013-12-31
Commodity 2012-10-10
Consolidation 2012-10-10
Continuation 2012-9-14
Contraction 2012-10-18
Crowdsourcing 2012-9-8
CTR Trade 2012-10-12
Cup and Handle 2012-10-10
Currencies 2012-10-10
Custom Indicators 2012-10-18
Day Trading 2012-9-10
Demo Account 2012-10-11
Derivative 2016-4-8
Descending Triangle 2012-10-11
Divergence 2012-10-11
Diversification 2012-9-10
Doji 2012-10-11
Double Top or Double Bottom 2012-10-11
ECN (Electronic Communications Network) 2012-10-11
Elliot Wave Theory 2012-10-11
EMA (Exponential Moving Average) 2012-10-11
Entry Price 2012-10-11
Envelope 2013-12-31
EUR (Euro) 2012-10-11
Expansion 2012-10-11
Expectancy 2012-10-11
Expert Advisor 2017-4-17
Expiration 2012-10-11
Fade 2012-10-11
Fading Range 2012-10-11
Fibonacci Theory 2012-10-22
Float 2012-11-21
Fundamentals 2013-7-18
Futures 2012-10-12
Gap 2012-9-12
GBP (Great British Pound Sterling) 2012-10-12
GDP (Gross Domestic Product) 2012-10-12
Government Reports 2012-10-12
Grey Box 2012-10-12
GTC (Good Til Cancel) 2012-10-12
Hard Currency 2012-10-12
Head and Shoulders 2012-9-18
Hedging 2012-10-12
HKD (Hong Kong Dollar) 2012-10-12
Hyper-Diversification 2012-10-12
Hyperinflation 2012-10-12
Indicator 2013-7-2
Inflation 2012-10-12
Interbank Market 2012-10-12
Interest Rates 2012-10-15
Intermarket Analysis 2012-10-15
Intervention 2012-10-15
Investor Profile 2012-12-6
JPY (Japanese Yen) 2012-10-15
Keltner Channel 2012-10-15
Key Currency 2012-10-15
Kiwi 2012-10-15
Leverage 2012-10-15
Long Position 2017-2-10
Lots 2012-11-21
MACD (Moving Average Convergence Divergence) 2012-10-15
Majors 2012-11-21
Market History 2012-11-13
Market Maker 2012-10-2
Martingale 2012-11-21
MetaStock 2012-11-21
MetaTrader 2012-11-21
Micro 2012-11-21
Mini 2012-11-21
Minors 2012-11-21
Momentum 2013-12-31
Momentum (indicator) 2012-11-21
Momentum Burst 2012-11-21
Moving Average 2012-11-21
Multiple Time Frame Analysis 2012-11-21
National Futures Association (NFA) 2012-11-21
News Events 2012-11-21
NOK (Norwegian Krone) 2012-11-21
NZD (New Zealand Dollar) 2012-11-21
OCO (One Cancels Other) 2012-11-21
OHLC (Open High Low Close) 2012-11-21
Option Contract 2012-11-21
Order Ticket 2012-11-22
Outside Reversal 2012-11-22
Overextension 2012-11-22
Pairs 2012-11-22
Paper Trading 2012-9-13
Parabolic SAR (Stop And Reverse) 2013-4-29
Parity 2016-4-18
Patterns 2012-11-22
Pending Order 2017-1-24
Pennant 2012-11-26
Pip 2014-12-11
Pivots 2012-11-26
Platform 2012-11-26
Players in the Forex Market 2012-11-26
Point 2012-9-13
Position 2017-4-17
Price Action 2012-11-26
Price Cycle 2013-7-18
Probability 2012-11-26
Proform Breakout Box 2012-11-27
Proform Data Prep 2012-11-26
Proform Multiple Time Frame 2012-11-27
Proform Price Cycle 2012-11-27
Proform Price Cycle Box 2012-11-27
Proform Rangebreak 2012-11-27
Proform Robot 2012-11-28
Proform Robot Label Setups 2012-11-27
Proform Robot Label Trades 2012-11-27
Proform Robot Past Patterns 2012-11-27
Proform Time Cycle 2012-11-27
Proform Time Trends 2012-11-27
Psychology 2012-11-28
Pullback 2012-11-29
Pyramiding 2012-11-29
Quote Currency 2012-11-29
Range 2012-11-29
Resistance 2012-11-29
Retracement 2013-1-4
Reversal 2012-9-14
Reward to Risk Ratio 2013-1-4
Risk 2013-1-4
Risk Tolerance 2017-4-17
ROI (Return On Investment) 2013-1-4
RSI (Relative Strength Index) 2013-4-29
S.E.C. (Securities Exchange Commission) 2013-4-29
Seasonal Cycles 2013-4-29
Securities 2013-6-10
SEK (Swedish Krona) 2013-6-27
Sell Limit 2013-12-26
Sell Stop 2013-12-26
Sessions 2013-6-27
Short Position 2013-12-31
Slippage 2013-6-27
Spread 2013-6-27
Stochastic 2016-10-7
Stop Loss 2017-2-10
Support 2013-6-27
Swap 2013-6-27
Swing Trading 2013-6-27
Symbology 2013-6-27
System 2013-6-27
Take Profit (Target) 2014-6-23
Taxes 2013-6-28
Technical Analysis 2013-7-18
Template 2013-8-8
Three Bar Reversal 2013-7-3
Time Cycle 2013-7-18
Time Frame 2013-7-3
Trade Journal 2013-7-3
Trailing Stop 2016-8-2
Trend 2013-7-17
Trend Line 2013-7-18
Trigger 2013-7-18
Triple Top or Bottom 2013-7-18
Two Percent Rule 2012-9-12
USD (United States Dollar) 2013-7-18
Volatility 2013-10-28
Volume 2013-7-18
Wedge 2012-10-11
Whipsaw 2013-7-18
XAG (Silver) 2013-7-18
XAU (Gold) 2013-7-18
YTD (Year To Date) 2011-8-31
Zig Zag 2013-7-18
ZWD (Zimbabwean Dollar) 2013-7-18