How to close or reduce a position?

In this article we explain how to:

• Close or reduce a position in SaxoTraderGO and SaxoTraderPRO
• Close or reduce a position in SaxoInvestor*
• Close a position by placing an opposite trade

Close or reduce a position in SaxoInvestor*

1. From the Portfolio area go to Overview
2. Under Positions click Sell on the position you want to close. 
3. Select the quantity you want Sell.
   1. To close, the quantity you Sell has to match the quantity you bought.
   2. To reduce, just select part of that quantity. 
4. Finally, click Sell.  

*Note: SaxoInvestor is currently available in Australia, Belgium, Denmark, France, Hong Kong, the Kingdom of Saudi Arabia, the Netherlands, Poland, Qatar, Singapore, Switzerland, the United Arab Emirates, and the United Kingdom.

Close or reduce a position in SaxoTraderGO and SaxoTraderPRO

1. From the Trading area go to Positions
2. Click Close on the position you want to close. 
3. Click Close Position
4. To close part of the position, first, click on the minus sign to reduce the quantity, then click Reduce Position

Close a position by placing an opposite trade

Another method to close or reduce a position is by opening a new position in the opposite direction. 

Opposite positions will be netted out at the end of the day unless:

• They are opened from different accounts
• or if the position is not available for netting due to the usage of Netting Circumvention Features.

Please read more about Position netting.