In this article, We learn about "Long ".Let's Go!
When used in trading, Long refers to a position that makes a profit if the market price of an asset increases.
is often used in the context of " go long " or " take a long position ".
When you trade in the Forex market, since you are buying or selling a currency pair, "going long" means you buy the base currency and sell the quote currency.
For example, if you are long EUR/USD, you are buying euros and selling dollars.
Going long is the opposite of going short or going short, which means taking a position that can be profitable if the market price of an asset falls.
Holding a long position does not necessarily mean purchasing an asset.
Derivatives allow traders to take long positions in the market without actually purchasing the underlying asset.
If you want to learn more foreign exchange trading knowledge, please click: Trading Education.