Closing a Long Position
To close a long position, you must sell an equal amount of the same currency pair to reduce your long position to zero.
For instance, if you are long $100,000 EUR/USD, you need to sell $100,000 EUR/USD back into the market to reduce your EUR/USD holdings to zero.
If you receive more when you sell than you paid to buy the order, you earn a profit. If you receive less, you realize a loss. All the best!!
To close a long position, you must sell an equal amount of the same currency pair to reduce your long position to zero.
For instance, if you are long $100,000 EUR/USD, you need to sell $100,000 EUR/USD back into the market to reduce your EUR/USD holdings to zero.
If you receive more when you sell than you paid to buy the order, you earn a profit. If you receive less, you realize a loss. All the best!!