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Forex basics

  • Base & quote currency
  • What is pip & pipette
  • Long & short in forex trading
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Long & short in forex trading

In forex markets there are two possible positions: 

1. Long position in which someone buys the base currency and simultaneously sells the quote currency.

2. Short position in which someone sells the base currency and simultaneously buys the quote currency.

In EUR/USD pair, long means buying the euro and selling the dollar and short means selling the euro and buying the dollar.

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  • Possible breakdown in Greek stock exchange
  • Application of a simple strategy in EUR/USD
  • S&P 500 runs out of fuel
  • Short term downtrend in Greek stock exchange
  • Possible upward movement in S&P 500

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