Question

A foreign exchange dealer forgets to square the over bought position in a foreign currency. It is a ......

Answer 1

Answer:

A square position is a situation where a trader or portfolio has no market exposure. It is commonly associated with foreign-exchange trading, but it can be applied to any type of market trade where offsetting positions can be held. A square position is also referred to as a "flat position."

Answer 2

Answer:

It is commonly associated with foreign-exchange trading, but it can be applied to any type of market trade where offsetting positions can be held. A square position is also referred to as a "flat position."