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Forex question What does it mean to have a ‘long’ position?
avatar Catkathy
Question by: Joseph - 06 Dec 2016, 08:58:25
What does it mean to have a ‘long’ position?
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Answer by: Samanthar - 06 Dec 2016, 09:02:46

A ‘long’ position is much the same as entering into a BUY transaction. By way of example if you BUY 1 standard lot or 100,000 units of EUR against USD you are entering into a ‘long’ position.

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