Every trading instrument has a Buy price and a Sell price.

The difference between these two prices is known as the Spread, which includes the commission charged on each trade.

Once a trade is opened, the price displayed reflects the price at which the trade would be closed.

For example:

• When opening a Buy trade, it is opened at the Buy price and closed at the Sell price.
• When opening a Sell trade, it is opened at the Sell price and closed at the Buy price.

Because of the difference between the Buy and Sell prices, a newly opened trade will always appear as showing an immediate loss when it is first opened.