I learn that in a Banach algebra over F (R or C), an element a is positive if and only if a=b*b, and equivalently a is positive if a = a* and spectrum of a is a subset of R of non negative elements ([0, +\infny). My questions are:

1) If F=R, that is real Banach algebra, what can we say about it's positive elements?

2) Do we still need involution on the real Banach algebra to have a positive elements?

3) Could you please give an example to justify the answer to Q2.

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