Long Position

Trading Basics

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Long Position

When a trader is betting the price will rise, they will take a long position.

Other Trading Basics

BRIC

BRIC stands for the emerging economies – Brazil, Russia, India and China.

Breakout

Occurs when a price ‘breaks down’ below a support area.

Bid

Traders can go short at the bid price.

The terminology is from the broker point of view, they are bidding to buy from you.