Definition – What does Closed Position mean?
A closed position refers to a currency trade that has been settled. A trader may need to pay money to close a position depending on the value of the position when it is closed. If the value is negative, the trader pays. If the value is positive, the trader profits.
ForexTerms explains Closed Position
Profits or losses on a position can only be realized once it is closed. After a position is closed, it only exists for historical purposes in the trading logs and a trader’s journal. Traders often create rules and procedures for deciding when to close either a winning or a losing positing because, once closed, that position cannot be re-opened.