Going long is a trading term that is used a lot. It’s recommended that you know what a long position is and the implications of going long before you start trading.
What does ‘going long’ mean?
Going long is a trading term for buying a stock, commodity, index fund or currency pair. You go long when you expect the price to go up and you make money when it actually does go up. The opposite is also possible; when the price goes down you lose money.
When do you go long?
When the price is in an upward trend, it’s recommended that you go long. Thus, when the price is mainly going up, you should buy. Timing is everything here. In our technical analysis course, we go deeper into the different indicators that you can use to time your positions.