Get answers from millions of real people.IN FOREX TRADE,WHAT DOES GOING LONG AND SHORT IMPLY? ?
FOREX IMPLIES FOREIGN EXCHANGE.IT IS A 24HOURS TRADE
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Tagged with: exchange • foreign exchange • going • IMPLIES • real people • SHORT • trade
Filed under: Trading Forex
Long means buying or owning. Short means selling or owing. In forex you take a position in a currency pair and are long one and short the other and make or lose money as the relative value changes. Going long the pair AAA/BBB means that you think AAA will improve relative to BBB. Going short is the opposite.
"LONG" means "BUYING"
"SHORT" means "SELLING"
Yes, Forex trades 24 Hours a day .
Forex Trading Starts at Newzealand Morning time (9.30am) on every Monday.
Forex Trading Closes at EST( New York time) evening time (5.00Pm) Friday.