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Open P&L (Profit & Loss)

Definition of 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.

Links related to Open P&L
Bear/Bearish
Bear Market
Bull/Bullish
Bull Market
Close a Position
Open Position

Other Terms From - O -

OECD OPEC Basket Open P&L (Profit & Loss) Open Position Open Price Open Trades OTC Market Outperform Overnight Position

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

CFDs are complex and highly speculative instruments, which come with a high risk of losing money rapidly due to leverage.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your invested capital.
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