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Forex question What is a Long?
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Question by: Henry - 10 Nov 2016, 09:27:03
What is a Long?
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Answer by: Jeremy - 10 Nov 2016, 09:33:20

A Long Position is a trade which opens by buying a trading instrument (Buy). If they say that traders have opened a long position on the dollar, it means that many market participants have opened trades to buy US dollars. A trade which involves the sale of a trading instrument is known as Short Position.

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