eToro Team
Do you often mistake ๐จ๐ฉ๐ž๐ง๐ข๐ง๐  ๐š ๐’๐„๐‹๐‹ position with ๐‚๐‹๐Ž๐’๐ˆ๐๐† a position? Well then, this post is for you. ๐–๐ก๐š๐ญ ๐ข๐ฌ ๐š ๐’๐„๐‹๐‹ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง? Trading on eToro 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 and, an investor who believes that the price of an instrument will fall in value will open a SELL position. Opening a SELL position - also known as โ€˜short-sellingโ€™ or โ€˜going shortโ€™ - is therefore generally used either when markets are falling, or as a hedging tool. On the eToro platform, short selling is done using a Contract for Difference (CFD). To open a SELL position, switch the toggle from BUY to SELL in the Open Trade window. Like all trading/investing platforms, prices on eToro have a spread, meaning the BUY and SELL prices are different (the BUY price is always higher). When you open a SELL trade, it opens at the SELL price. The position increases in value as the assetโ€™s price goes down or decreases in value as the assetโ€™s price goes up. A SELL trade closes at the BUY price. It's important to note that each BUY or SELL position is a separate transaction. ๐ˆ๐ง ๐จ๐ญ๐ก๐ž๐ซ ๐ฐ๐จ๐ซ๐๐ฌ, ๐จ๐ฉ๐ž๐ง๐ข๐ง๐  ๐š ๐’๐„๐‹๐‹ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐จ๐ง ๐š๐ง ๐ข๐ง๐ฌ๐ญ๐ซ๐ฎ๐ฆ๐ž๐ง๐ญ ๐ฒ๐จ๐ฎ ๐š๐ซ๐ž ๐š๐ฅ๐ซ๐ž๐š๐๐ฒ ๐ญ๐ซ๐š๐๐ข๐ง๐  ๐ฐ๐ข๐ฅ๐ฅ ๐ง๐จ๐ญ ๐œ๐ฅ๐จ๐ฌ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐๐”๐˜ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง. Each position is a unique investment. ๐’๐จ, ๐ก๐จ๐ฐ ๐๐จ ๐ฒ๐จ๐ฎ ๐‚๐‹๐Ž๐’๐„ ๐š ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง? Simple! ๐Ÿ’ป From desktop - Log into your account and click on "Portfolio". - Click on the instrument line you wish to close. - In the next window, click on the red X, and select "Close Trade" and your request will be executed during market hours. ๐Ÿ“ฑFrom mobile - Click on the menu icon on the top left and hit "Portfolio". - Tap on the instrument line you wish to close. A pop-up window will show up with the option to "Close Trade" when you tap, or slide from right to left on the relevant position line. *Currently, it's not possible to close positions in bulk. We're working on bringing the "close all" option back. Still have questions? Watch the GIF ๐Ÿ˜
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