Long
A buy position that profits if the price rises. Going long EUR/USD means buying euros and selling dollars.
Related terms
Short
A sell position that profits if the price falls. Going short…
Account currency
The currency your trading account is held in. Profits, losses and…
Ask
The price at which the market will sell to you, so it is the price…
Base currency
The first currency in a pair. In GBP/USD it is the pound. Buying…
Bid
The price at which the market will buy from you, so it is the…
Commodity currencies
Currencies of countries that rely heavily on raw-material exports,…