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Forex question What is shorting and longing position?
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Question by: Henry - 17 Mar 2016, 09:20:02
What is shorting and longing position?
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Answer by: Jeremy - 17 Mar 2016, 09:23:37

A long position is one in which the trader is buying a currency pair and seeking to profit by closing the deal at a higher price. By a short position, the trader seeks to sell a currency pair and thus make money by closing the position at a rate lower than his opening rate.

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