The following is a short extract from the course "How To Trade The Futures Market", please click here Trade Futures Course for full details on how to obtain the full text, futures trading simulator along with sample data and bonus trading ebooks package.

Find: Contracts current position average long closed open total value bought.

On the right hand side of the current status window you will see values for the current bars OHLC. The OHLC to the left show the details of any bar that you have highlighted by selecting with your mouse pointer. The difference refers to the difference of the close of the highlighted bar and the current bar. Description of values in current status window: Current position: number of contracts long or short. i.e. if you are net long 6 contracts the value will be 6; if you are net short 3 contracts the value will be 3. Open P/L: this is the monetary value of your current position. Open average: this is the average price of your current position; i.e. if you are long 2 and you bought one at 5862 and one at 5912, you average purchase price is (5862 + 5912)/2 = 5887 Closed P/L: this is the profit or loss that you have banked and includes the commission costs. No of contracts: this is the total number of contracts that you have bought and sold and does not include your open position. Average profit: this is the closed P/L / no of contracts, it is the average profit for your closed position. Example: lets us say that I have bought a total of 20 contracts and sold a total of 15. I now have an open position of 5 contracts (I am long 5) and a closed out position of 15 contracts. 85 History

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How To Trade The Futures Market

For full details about this detailed course, which includes a futures trading simulator software package complete with some sample trading data, and free trading ebook package please click here Futures Trading Course

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