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.

Open definition

Open has several definitions within investing. It can refer to the daily opening of an exchange, and an order or position that has not yet been filled or closed. 

Market open

The market open is the beginning of trading on an exchange each day. Market opens vary between exchanges and time differences can be a big factor, The New York Stock Exchange, for example, is open from 2.30pm to 9pm in GMT (assuming the US and UK daylight savings are in sync).

Open orders

Open orders are orders that have not yet been filled (or executed). The length of time that an order can remain open for, and stipulations involved in filling it, vary between different types of orders. Day orders, for instance, can remain open for a single trading day. Good-‘til-cancelled orders can remain open indefinitely.

An open position is a current position that has not yet been closed.

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Find our more about the types of orders in our education section.

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