Menu > Admin > System Setup > Contact Management > Opportunity Status
Opportunity Status allows you to define the status of the opportunity. Typical settings are Postponed, Closed or Open.
Opportunity Status Settings
Click on to add a new row.
Status - Enter in Status name.
Opportunity is Active - Check whether the status is Active or Not. This is used for Opportunity Forecast widgets and reporting purposes.
NOTE: To change the Display Order, simply drag and drop the order.