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You will notice the terms "Unrealized P/L" or "Floating P/L" in your trading platform, along with red or green numbers.<br><br>We define Unrealized P/L and Floating P/L in this lecture.<br><br>There are actually two different kinds of "profit or loss," or "P/L," in trading.<br>Both are crucial. Let's talk about how they differ from one another.<br><br>Unrealized P/L<br>Unrealized P/L is the profit or loss that is still accounted for in your open trades and open positions at the moment.<br><br>When all of your open positions are instantly closed, this is equivalent to the gain or loss that would be "realised.
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