What is a Long Position?

Definition of Long Position: This term used in the Forex trading is defined as the purchase of money or money choice with a belief that the money will realize for a certain time, for a money pair when quoted, this currency is the one scheduled in the couple and the cost is the “ask” the quote. This is regarded as a contradictory to a small position. For instance, if you think that the Euro to understand with time and were offered a quotation for the pair known as EUR or USD, then you would be paying an amount of nearly $1.3015 for every Euro bought. The traders go a long way on the money for a long time period when they think of the basics of the economy of the respective country to break the other. A general application is Carry Trade where the trader will move a long way on the currency when the different interest rate suggests the bank is increasing the rates to cool the heated economy.