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WHAT DOES ‘GOING LONG’ OR ‘LONGING’ MEAN?

WHAT DOES ‘GOING LONG’ OR ‘LONGING’ MEAN?

Traders can think of ‘long’ as another word for ‘buy.’ If you’re ‘going long’ in a currency, it means you’re buying it. When traders buy (or go long on) a currency pair, it means they believe it will increase in value. 

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