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Forex question What does it mean to have a long or short position?
avatar Catkathyy
Question by: Jeremy - 30 May 2016, 09:16:05
What does it mean to have a long or short position?
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Answers (1)
avatar user 9566
Answer by: Henry - 30 May 2016, 09:23:52

If you're buying some currency, you're opening a 'long' position, if selling - 'short'. For example, if you buy 1 lot of EUR/USD, it means you open 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 mln of USD versus CAD.

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