There is also liquidation, which is called liquidation. Sell1000000 USD, that is to say, no matter how the exchange rate changes in the future, as long as the other party does not default, you can use this exchange rate to lock the RMB convertible to10000000 USD in the future. "Closing the position" means selling all the assets held (that is, the holding amount of assets in the account is 0). As long as you sell it all, it's liquidation.

For example, an investor opened his position in 65438+February 15, and bought the Shanghai and Shenzhen 300 index futures 10 lot (up) in 65438+ 10, and the transaction price was 1400 points. At this time, he has a long position of 10. By 65438+February 17, investors saw that the futures price had gone up, so they sold six lots of 65438+ 10/0 stock index futures at the price of15. After the transaction, the actual position of the investor is only 4 lots. If the investor sells six open contracts of 65438+ 10 month stock index futures at the time of declaration, after the transaction, the actual position of the investor is not the original four hands, but the long position of 10 hand and the short position of 6 hands.