In foreign exchange transactions, "opening a position" means opening a position. Opening a position, also known as exposure, is the act of buying one currency and selling another. After the opening, one currency is long (long) and the other currency is short (short). Choosing the right exchange rate level and the timing of opening positions are the premise of profit. If the timing of entering the market is good, the chances of profit will be great; On the other hand, if the timing of entering the market is improper, it is prone to losses. Net position refers to the trading difference between one currency and another after the opening.

Position allocation When the demand for future positions is large and the existing excess reserves are insufficient to meet the demand, banks should try their best to cover their positions and increase the excess reserves; When the demand for future positions decreases and the existing excess reserves remain, the excess reserves should be used in time to seek better profit opportunities.