Long Position
Definition
Going long means buying a currency pair, expecting the base currency to appreciate against the quote currency. If EUR/USD is at 1.1000 and you go long, you profit when the price rises above 1.1000.
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Going long means buying a currency pair, expecting the base currency to appreciate against the quote currency. If EUR/USD is at 1.1000 and you go long, you profit when the price rises above 1.1000.