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Currency

Liquidation

When it comes to finance, it's important to understand the concept of "closing" a position. This simply means that an existing position is terminated through the execution of an offsetting transaction. In simpler terms, it's like putting an end to a certain investment or trade by making a counter trade. This is a crucial step in managing risk and maintaining a balanced portfolio. So, always keep in mind the significance of closing a position in the world of finance.
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