What is an open trade?

[Introfeel]

Please explain in extremely simple terms what an open trade is.

[GoForex]

In Forex Trade if you choose to buy or sell a currency your trade will be open,the price for the 2 currencies will keep changing till the trade is closed in a specific price:
-manually by you
- by another person who manages your account
- automatically

Please visit this page to find out more terms or/and watch the video.
http://www.goforex.net/forex-basics.htm

Forex Auto Trading

[Alexleo]

Originally Posted by GoForex

In Forex Trade if you choose to buy or sell a currency your trade will be open,the price for the 2 currencies will keep changing till the trade is closed in a specific price:
-manually by you
- by another person who manages your account
- automatically

Please visit this page to find out more terms or/and watch the video.
http://www.goforex.net/forex-basics.htm

Good info.. Thanks..

Forex Auto Trading

[DhannyDoel]

An open trade is a trade that you've enterred and it's basically expossed to the potential gains or risks that you might have to bear.

[FXGroundworks]

An open trade means you have risk because you have bought/sold into a symbol.

Risk Management Calculator

[gogogo]

ít's simple that one trade is on the market and hasn't closed yet.

[Douglas Class]

An open trade is a trade being executed by a trader, to buy first or to sell first. An open trade is a trade that is expose to market flucuations and risk. After a trader opens a buy position and when the trader wants to liquiduate the open position, he will have to execute a close sell; likewise an open sell requires a close buy to offset.

Risk Management Calculator