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Glossary · L

What is Long?

A position that profits if the price rises. You buy first and sell later to close.

In context

Long example. You buy 10 ounces at $4,000.00. Later you sell at $4,012.00. Profit per ounce = $4,012.00 − $4,000.00 = $12.00. Total = $12.00 × 10 ounces = $120 profit (before costs).

From Chapter 0: Trading from Zero: Markets, Gold, CFDs and Futures

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Education only. Not financial advice. Trading involves substantial risk of loss.