Breakeven« Back to Glossary Index
The point at which gains equal to losses.
In terms of price action, it is the level at which the risk on the trade is recovered. This means that if the trader chooses to close at that particular price, he neither wins nor loses.
[http://www.babypips.com/blogs/pipsychology/breakeven-trades-the-psychology-behind-the-gray-area.html Breakeven Trades: The Psychology Behind the Gray Area]