When it comes to forex trading, the break even price is the price at which a position is closed with zero profit and zero loss (zero P&L). This is when a trading position goes back to the entry point so that it recovers from its floating losses - this would bring the trade to a point of neither gain nor loss. A similar situation would still occur if a winning position retraces back to the entry level, so that it sheds its floating profits. (Always remember that you could only get to the Break Even Point once the spread/commission has been recovered).The breakeven point will occur when the currency pair gets to such a price whereby the trade starts to become a profit.