Open trade...

Hellow everyone...

Someone can please explaine what is open trade?

Thanks

It means you have opened a position by buying or selling something in the market and the trade is still in progress. It becomes a closed trade once you sell what you have bought, or cover what you sold. This is elementary stuff so suggest you do the babypips school as a start and have a read of this thread http://www.trade2win.com/boards/first-steps/89078-essentials-first-steps.html

Barramundi said:

This is elementary stuff[/url]

Click to expand...

its not the only meaning, in banking open trades can also refer to trades which have been executed but not yet settled (trade date v settlment date) e.g. the cash or the security (or both) has not transferred yet.