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Floating P/L (Unrealized Profit/Loss)

Fundamentals

The unrealized gain or loss on open positions, which updates constantly with the market and only becomes final once the trade closes.

Floating profit and loss is the unrealized gain or loss on positions that are still open, calculated continuously as the market price moves. It becomes "realized" — and gets added to your balance — only once the trade is closed. Because floating P/L feeds directly into equity, a large floating loss can trigger a margin call even before you've locked in any actual loss by closing the trade.

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