Get answers from millions of real people.IN FOREX TRADE,WHAT DOES GOING LONG AND SHORT IMPLY? ? -

FOREX IMPLIES FOREIGN EXCHANGE.IT IS A 24HOURS TRADE Long means buying or owning. Short means selling or owing. In forex you take a position in a currency pair and are long one and short the other and make or lose money as the relative value changes. Going long the pair AAA/BBB means that you think AAA will improve relative to BBB. Going short is the opposite. quot;LONGquot; means quot;BUYINGquot; quot;SHORTquot; means quot;SELLINGquot; Yes, Forex trades 24 Hours a day . Forex Trading Starts at Newzealand Morning time (9.30am) on every Monday. Forex Trading Closes at EST( New York time) evening time (5.00Pm) Friday.