---
title: "What is confirmed losing reference volume?"
description: "Explains reference volume."
url: https://help.finotivefunding.com/en/articles/942-what-is-confirmed-losing-reference-volume
collection: "Trading Behaviour & Prohibited Strategies"
updated: 2026-11-06
language: en
---

# What is confirmed losing reference volume?

Explains reference volume.

When the original position or combined position is fully closed, if the cumulative realised result is a loss, its cumulative closed volume becomes the confirmed losing reference volume.

If the cumulative realised result is zero or profitable, no losing reference volume is created and the sequence ends. Only a new position or group of positions opened after the losing reference position or combined position has closed is assessed as a potential recovery position.

**Related Terms:** Section 7.13.2