Below is a glossary of terms that are used in the online trading industry. Select the first letter of the word you are seeking from the list above to jump to the appropriate section of the glossary.
Open P&L (Profit & Loss)
What is an Open P&L?
An Open P&L (Profit & Loss) is a financial statement that forex traders receive summarizing all open positions that he has in terms of profits earned and losses incurred.
How does one use Open P&L?
Knowing when to open and close a position is the key to successful forex trading. By carefully examining the Open P&L, a trader can determine which markets are behaving in a bullish manner, and which are more bearish. In doing so, traders are better equipped to make informed decisions concerning short- and long-term trading strategies.