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Cannot close my position...

  • #1
  • First Post: Nov 12, 2009 3:49am Nov 12, 2009 3:49am
Admittedly, I'm still a newbie.
I had to stop for a while until I had money to put back into it. Anyway, I opened two positions and the software has changed, now I cant figure out how to close them. Any Ideas?
  • #2
  • Nov 12, 2009 5:33am Nov 12, 2009 5:33am
Quoting pizzo85
Admittedly, I'm still a newbie.
I had to stop for a while until I had money to put back into it. Anyway, I opened two positions and the software has changed, now I cant figure out how to close them. Any Ideas?
Probably your best bet is to phone your broker and ask for the dealing desk. If you can properly identify yourself they will close the positions for you.
Gone to a better place
  • #3
  • Nov 12, 2009 7:30am Nov 12, 2009 7:30am
You can open two equal orders in the opposite directions . But that will eat up your margin.
  • #4
  • Nov 12, 2009 7:35am Nov 12, 2009 7:35am
Quoting enivid
You can open two equal orders in the opposite directions . But that will eat up your margin.
Not at Saxo.

BTW: If he's not able to close a position I doubt he will be able to open one.

But it would be very helpful to know the used platform.
  • #5
  • Nov 12, 2009 1:27pm Nov 12, 2009 1:27pm
I took enivid's advice and counter traded against my positions and that closed them.

Xaron my current platform is Forex Micro Trading Station 2

thanks again
  • #6
  • Nov 13, 2009 2:41am Nov 13, 2009 2:41am
Quoting pizzo85
I took enivid's advice and counter traded against my positions and that closed them.

Xaron my current platform is Forex Micro Trading Station 2

thanks again
That's where FIFO no-hedge system comes handy .
  • #7
  • Last Post: Nov 15, 2009 7:18am Nov 15, 2009 7:18am
don't know if your platform is the same - this is likely common sense and sure you have tried this first off - but have you tried right clicking over the trade order...pop window appears with 'close trade' in there. Apologies if too simplistic, but I've just started using MT4 recently so had to find out how to close a trade too...
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