Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Closing Price Definition

An asset’s closing price is the last level at which it was traded on any given day. This price is often determined by an auction.

Certain financial assets only trade for certain hours each day. Equities, for instance, can traditionally only be traded while their exchanges are open. Until those assets become tradable again, their closing prices are the most up to date level for the asset.

Some providers offer extended hours on many US equities, which enables you to trade when the exchange is closed. The closing price is still listed as the price when the exchange closes, however.

Closing prices are often used as a marker of a stock’s price when looking at movements over a longer term. They can be compared to previous closing prices, or the opening price to measure an asset’s movement over a single day

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