Cryptocurrency Q&A
What is long and short in Binance?
What is long and short in Binance?
Chloe_martinez_explorer
Thu Nov 28 2024
|
5 answers
1177
I'm trying to understand trading terms on Binance. Specifically, I want to know what 'long' and 'short' mean in the context of Binance or cryptocurrency trading generally.
5 answers
Margherita
Sat Nov 30 2024
This trading strategy involves combining two positions.
Was this helpful?
307
99
MysticGlider
Sat Nov 30 2024
The first position is a long position, where traders buy cryptocurrency in anticipation of an increase in its value.
Was this helpful?
138
73
GeishaWhisper
Sat Nov 30 2024
The second position is a short position, where traders sell borrowed cryptocurrency with the expectation that its value will decrease.
Was this helpful?
304
69
Rosalia
Sat Nov 30 2024
A crypto long-short strategy is prevalent in the cryptocurrency market.
Was this helpful?
54
28
Claudio
Sat Nov 30 2024
By utilizing both positions, traders can potentially profit in both bullish and bearish market conditions.
Was this helpful?
374
38
