Why do I need to add funds to open my position?
In order to open a new Buy or Sell position, it is necessary to have funds in your available balance.
CFD trading is based on strategy and sentiment:
- An investor who believes that the price of an instrument will rise in value will open a BUY position.
- An investor who believes that the price of an instrument will fall in value will open a SELL position.
By closing the position, the invested funds plus/minus any profits/losses made on the investment will be returned to your account balance.
It is important to note that each BUY or SELL position is a separate transaction. In other words, opening a SELL position on an instrument you are already trading will not close your BUY position. Each position is a unique investment.
For help on how to close a position, click here.