The total number of shares held by a trader in any given stock.
- Open position: A trade in which shares have been purchased but not yet sold. The trader has market exposure.
- Closed position: When a trader sells shares and is liquidated, he or she has completed a trade.
The same logic applies to cryptocurrencies: replace stock with cryptocurrency and shares with coins/tokens.
Bar Charts explained
Bar charts are a popular way of displaying data for traders. They can be used to display the price action on any stock, currency pair, or index.