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Forex question What is Closing Purchase?
avatar Catkathyy
Question by: Jeremy - 23 Aug 2016, 08:33:48
What is Closing Purchase?
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Answers (1)
avatar user 10528
Answer by: Henry - 23 Aug 2016, 08:46:10

A Closing Purchase is when a short position is reduced or closed on a particular financial instrument. Closing Purchase is also used to mean the acquisition of an option by an investor to compensate for the same option that was sold earlier.

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