What Does it Mean to Go Long a Forex Currency Pair? - Definition of Going Long in Forex Trading

In forex trading as trader you will be buying one forex currency for another. When you buy a currency in forex trading this is referred to as going long.

Going long is therefore just another term used to refer to buying of a currency pair.

You will use forex charts to determine when to go long a currency pair - you will go long if the prices on the forex charts are moving in an upward forex trend direction.

Definition Going Long in Forex Trading - Go Long Forex Trade

If the price of a currency pair is going up we buy the currency pair, this is also referred to as going long Therefore going long is just another name for buying. When the forex market trend is going upwards it is referred to as a bullish forex market trend, this is when a buy trade order is placed - Going Long Forex Trade. A bullish forex trend is identified by drawing an upwards trendline on a forex chart. The example below shows a buy trade - Going Long.

What Does it Mean to Go Long a Forex Currency Pair? - Definition of Going Long in Forex Trading