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On September 18th, Nick Timiraos, the "Federal Reserve mouthpiece," stated: "When the Federal Reserve cut interest rates on Wednesday, it superficially looked like a routine monetary policy operation. The market reaction was relatively muted, and Chairman Jerome Powell largely avoided the heated disagreements sparked by the decision, despite it occurring against the backdrop of unprecedented political confrontation." The policy shift initiated by Powells rate cut on Wednesday may represent his last effort to demonstrate that an independent US central bank remains capable of guiding the economy in a complex environment, rather than surrendering its independence before officials more aligned with President Trumps priorities gain greater control. Powells term as chairman will end next spring. For the third time in his tenure, Powell attempted an extremely delicate maneuver: cutting interest rates not because a recession is imminent, but to prevent one.Nick Timiraos, the "Federal Reserve mouthpiece": This is the third time under Powells leadership that the Fed has begun cutting interest rates without facing a significant economic downturn. But given the more difficult inflation situation and political factors (the White Houses confrontational nature), the stakes in 2019 and 2024 will be different than they are now.New York Times CEO: Trump is using an "anti-media strategy."The Federal Reserve cut interest rates by 25 basis points as expected. Why did gold prices briefly rise before retracing all gains? Has the actual impact of previous interest rate adjustments truly lived up to expectations? The Futures Focus Timeline provides a summary.Japanese Chief Cabinet Secretary Yoshimasa Hayashi: We are monitoring the impact of the US economic situation on Japan.

Close a position

LEO

Oct 25, 2021 13:27

Close a position refers to a trader buys or sells a contract with the same quantity and symbol but the opposite direction of the contract.

Close a position is divided into close on current market price and close in limit order 


Close a position on current market price refers to traders Buy/Sell at the current market price.


Close in limit order refers to traders setting an estimated price to close a position.

Close in pending order includes take profit and stop loss.

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Take profit is a limit order. When the price fluctuates to a predetermined price, the profit reaches a certain level, the position will be closed automatically in time in your limit order. 


Stop loss means that when the price fluctuates to opposite direction, the loss of the holding order reaches a predetermined amount, the position will be closed in time to avoid larger loss. 

The purpose of stop loss is to limit the loss to a smaller range when investment errors occur. The stop loss is a limit order, when the price reaches your limit order, the stop loss order will be executed automatically.