Going Short/Going Long
Going Short and Long both refer to the market position that a trader is taking. If the trader believes that the price of the currency pair is going to fall, he can take a “short” market position by selling the currency. The strategy if the price does fall, is that the trader can buy the currency back at a lower price and hence make a profit. The reverse is true when the trader decides to hold a “long” market position. Here, he will buy and hold the currency hoping for the price to increase and then sell for a profit.