I’ve bought ETFs a couple of times by converting the CHF I funded my account with into USD. I bought USD.CHF on forex (i think). Everything seems fine, but now if I look in my IBKR portfolio I see the VT I bought, the CHF I still have and USD.CHF. Next to the USD.CHF I see the “POSITION” column with the sum I converted. If I click through I have the option to “close position”. What does this mean?
PS. I’m using the android app of IBKR
PPS. Does anyone have any tutorial (either text or video) where these notions are explained? Such as P&L or Open/Closed positions. There are many things I don’t understand in the interface and that makes me a bit scared considering I’m moving money in there.