The act of closing out a position in an asset. Most forex traders using a well defined trade plan will have a clear and objective exit strategy in mind before they take on a trading position in their portfolio. They might even enter stop loss and take profit orders as soon as a trade is opened in order to exit the position at either of their planned levels.
Browse by Subjects
See All Related Terms »
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):