Long
a.k.a. Buy, Long position, Going long
Buying something because you expect its price to rise. In forex, going long a pair means buying the base currency.
Going long means you buy now and hope to sell higher later. In forex, long EUR/USD means you buy euros and sell dollars, betting the euro will strengthen.
You profit if the price rises and lose if it falls. Pair that with a stop-loss so a falling price cannot drag you down with it. The opposite bet is going short.
A long trade
- Buy EUR/USD at 1.0850 with a mini lot ($1 a pip).
- Sell at 1.0900: that is +50 pips.
- 50 × $1 = $50 profit (before costs).
Bottom line: Had price fallen to 1.0800, it would be a $50 loss instead.
Falling in love with a long trade and refusing to admit the price is sliding the wrong way.
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