What does long mean in forex?
- Thread starter PIPruit
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In forex trading, going long on a certain currency pair means buying that pair. For example, if you say you are going long on USDJPY, this means you are buying the USDJPY (or buying the USD against the Japanese Yen). Going long means the same as being in a bullish position. Both mean that you are buying the instrument.
In the same sense, going short on a certain currency pair or asset means selling that asset. However, this is not a straightforward sale, since you usually do not hold that asset to begin with. To enable you to sell it, your broker offers you a short-selling service, according to which the broker agrees to buy the asset and sell it for you, on the condition you will buy it at a later date. In other words...
In the same sense, going short on a certain currency pair or asset means selling that asset. However, this is not a straightforward sale, since you usually do not hold that asset to begin with. To enable you to sell it, your broker offers you a short-selling service, according to which the broker agrees to buy the asset and sell it for you, on the condition you will buy it at a later date. In other words...
Christina Ledger
Recruit
- Messages
- 197
to go long is to buy, to open a trade in a buy position. opposite to selling/going short.
simonblack
Recruit
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- 1
“Long” means your trade makes profit when the price rises. “Short” means your trade makes profit when the price falls.
Marceloguedes
Private, 1st Class
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- 51
To put it simply, in forex, Long = Buying a currency pair
adamcantor
Recruit
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- 33
to enter a buy position
short is to sell.
ele020
Sergeant
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- 195
In forex trading, when you buy a particular instrument with an analysis that the price of the instrument goes up is called going long on a instrument. This means that you will keep your buy position open till the time its price reached your set profit pips.
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