Open P&L meaning (Profit And Loss) – Trading Explained
What do you think of open P&L?
For well-educated traders, forex trading can be a rewarding and challenging opportunity. However, it’s also a very risky market. Importantly, traders must always remain alert to their open positions – measured in terms of the open profits and losses (P&L) on their trades.
It is vital for traders to have a clear understanding of their open P&L, as P&L can change throughout the day. However, do you know what is the open P&L and what is its purpose? Let’s find out!
Open P&L Meaning
This is the profit or loss of any open positions that you haven’t closed at the current market prices.
As the market price of your position transforms (e.g., stock, forex, or cryptocurrency), your open P&L will change. We need to mention that your open P&L can change significantly throughout the day.
If you closed all of your positions, in spite of whether you made a profit on your positions or not, your open P&L would become 0.
What is the purpose of open P&L?
This tool gives you an overview of your open positions within your portfolio. You can find out…