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Forex question What does it mean to be long and short a position?
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Question by: Joseph - 19 May 2017, 07:21:24
What does it mean to be long and short a position?
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Answer by: Jeremy - 19 May 2017, 07:28:28

If you are buying currency, you are opening a 'long' position, if selling - 'short'. For example, if you buy 1 lot of EUR/USD, it means you open a long position for 100,000 of EUR against USD. And if you sell 10 lots of USD/CAD that means you open short position for 1 milion of USD versus CAD.

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