Trade Forex Trading

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Forex Long and Forex Short and Forex Charts

In Forex trading, there are two types of trades, these are:

  • Long (buy forex trade) - long is if the trend is buy/bullish.
  • Short (sell forex trade) - short is if the trend is sell/bearish.

Buying/Long and Selling/short

Both terms, refer to things we do when open a forex trade.

Buying Long = forex term to use when buying and when opening a buy forex trade.

Selling short = forex term to use when selling and when opening a sell forex trade.

Long - Long is another forex term used to refer to buying in forex trading, If a forex trader goes long it means that he buys the currency pair that is heading in an upward forex trend. When the forex price is moving in an upward forex trend the trend is referred to as bullish forex trend.

Short - Short is a forex term used to refer to selling of a currency pair that is going in a downward trend. when the forex price is going downwards then the forex trend is referred to as a bearish forex trend.

Basically the forex term, "selling short" can refer to selling currencies in the forex markets. Selling short is used to trade a currency that is predicted to depreciate in value compared to another, when this forex currency is sold then it is the same as not holding value in this forex currency and holding the same value in the other forex currency.

Buy/Long

If the forex price is going up we buy, this is referred to as going long. Therefore, long is just another name for buy. When the forex market trend is going up it is referred to as a bullish forex trend, this is when a buy order is placed. A bullish forex trend is identified by drawing an upward forex trend line on a forex chart. The forex example below shows a long/buy forex signal.

Buy/Long Bullish Forex Trend - How to Open a Buy Forex Trade - Going Long in Forex Trading - Sell Short Forex Trade

Buy/Long - How to Open a Buy Forex Trade - Going Long in Forex Trading

Sell/Short

If the forex price is going down we sell, this is referred to as going short. When the forex market trend is going down it is referred to as a bearish forex trend. The example below shows a downward forex trend, this is when a short sell is placed. The short/sell is identified by drawing a downward forex trend line on a forex chart. The forex example below shows a short/sell forex signal.

Sell/Short Bearish Forex Trend - How Do I Open a Sell Forex Trade? - Going Short in Forex Trading - Buy Long Forex Trade

Sell/Short - How to Open a Sell Forex Trade - Going Short in Forex Trading

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Forex Charts - What are Forex Charts?

What are Forex Charts? A Forex chart provides a visual representation of exchange rates (plotted on the y-axis) against time (plotted on the x-axis) for a given currency pair. The movement of forex prices is plotted and drawn on these forex charts. The forex chart can be plotted as forex candlestick charts like the one below or as forex line charts or forex bar charts .

Candlesticks Charts Explained - Buy Long Forex Trade - Buy Long Trades and Sell Short Trades on Trading Forex Charts

Forex Chart - Forex Candlesticks Charts Explained - What are Forex Charts?

The three common types of forex charts used in forex trading are:

  • Forex Candlestick Charts
  • Forex Line Charts
  • Forex Bar Charts

These 3 types of forex charts are covered in the topic Forex Chart Types.

Forex Platform - What are Forex Trading Platforms?

What is a forex trading platform? - Forex trading platform is the software that is provided by a forex broker to help forex traders make place their forex trade transactions online. Once you download and install this forex trading platform software on your computer you can then begin to forex trade in the forex market . All forex trade transactions are executed through this forex trading platform. If you want to learn a forex platform, MetaTrader 4 Forex Trading Platform is a good forex platform to start with.

To set these buy and sell forex orders open MetaTrader 4 Forex Platform, open a "chart ", right click on the "chart ", select "New Order ", then select the order either sell order or buy order as shown below. (Short Cut Keys - Press F9)

Setting Buy Long and Sell Short Trades on MT4 - How Do I Open Buy and Sell Forex Orders MT4? - Buy Long Trades and Sell Short Trades on Charts

Setting Buy Long and Sell Short on MetaTrader 4 - How to Open Buy and Sell Forex Orders on MT4

Regulated Forex Broker Information: Read About Regulated Forex Broker Review

Takes 5 Minutes to Open an Account, Open an Account Early: Open Forex Account


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