What does it mean to go long in forex trading?

It's the opposite of going short, which is when you expect the value to fall. In forex, the purchase you are making is a currency, and when you go long, you profit when the value rises; when you go short, you profit when the value falls. In forex trading, to go long means to buy with the expectation that your purchase will rise in value.

What is a long or short position in forex?

Having a long or short position in forex means betting on a currency pair to either go up or go down in value. Going long or short is the most elemental aspect of engaging with the markets. When a trader goes long, he or she will have a positive investment balance in an asset, with the hope the asset will appreciate.

What does it mean to go long on a currency?

To go long on a certain currency, you open a trade in a buy position, because you believe the base currency is bullish —likely to rise in value. At the same time, it also means you are bearish on the value of the quote currency, and think it will fall.

What is the difference between going long and going short?

When trading in the financial markets, people buy and sell assets such as currencies, commodities and stocks by “going long” or “going short” on them. Going long is a popular industry term used to describe the act of buying. On the flipside, going short is a term investors and traders use to describe the act of selling.