What do you mean by long and short positions?

[archiemishra]

Hello, In the forex, there is much talk about long and short positions, what exactly do these terms mean? When should I go for a long or short position?

 

[tomorton]

Good question, it is essential to understand this. Do not place any trades until you have a full answer.

timsk! where are you mate?

 

[BSD]

I think Archie needs to open an account at FXCM after he's had the brain transplant he seems to be in strong need of and where he's high up on the waiting list.

That'd be him sorted in short order.

 

[BSD]

As a complimentary spot of free follow-up advice I recommend that - once you've had yourself sorted which I'd get done as quickly as possible to get that behind ya - you then start trading the same currency long AND short with equal size at the same time.

That way you never lose, always win.

Do that double the size of anyone else, and not many strategies gonna come better than that !!!