Skip to content
pipdojo.com

Study desk

Your progress

White belt · Current belt

Lessons
0/25
Day streak
0
XP
0
Next lessonWhat is a pip?

Day streak and XP, stored on this device only

Study language

Pages switch to this language; your progress stays on this device.

Mechanics

Going long & going short

Buying to profit from a rise, or selling to profit from a fall.


Going long means buying a currency pair expecting its price to rise, so it can be sold later at a higher price. Going short means selling first in the expectation that price will fall, allowing you to buy back cheaper.

Because forex is always a trade of one currency against another, every position is simultaneously long one currency and short the other. The ability to profit in both directions with equal ease is a defining feature of the market.

Taught in these lessons

Related terms

More in Mechanics