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Forex question What does it mean to be long or short a position?
avatar Mymelody
Question by: Samanthar - 19 Oct 2016, 09:20:50
What does it mean to be long or short a position?
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Answer by: Joseph - 19 Oct 2016, 09:32:01

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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