Position refers to the established warehouse receipt closing, that is, the current price of the stock is the same as the closing price of the previous trading day. For example, the opening price is the same as yesterday's closing price, which is called Kaiping; The closing price of the day is equal to the closing price of the previous day. Closing a position is to sell the warehouse receipt that has been established.

After buying or selling, it is regarded as opening a position, which is also called opening a position; Closing a position is to buy back the sold contract or sell the bought contract, that is, to do the opposite transaction. The target of foreign exchange transactions is currency, such as USD/JPY and GBP/USD, rather than a single currency, such as USD or JPY. An open contract after opening a position is called an open contract or an open contract, also known as a position.

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