Longs
Traders who have bought a product.
Related terms
Shorts
Traders who have sold, or shorted, a product, or those who are bearish on the market.
Read full definitionLong Position
Buying a currency or asset in the expectation that its price will increase. In FX you go long on the base currency you purchase and short on the quote currency you sell: buying EUR/GBP means going long euros and short sterling.
Read full definitionBulls
Traders who expect prices to rise and who may be holding long positions.
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Aggressive
A description of traders and/or price action acting with conviction.
Read full definitionArbitrage
The simultaneous buying and selling of the same currency in different markets to profit from small price differences. The strategy exploits temporary inefficiencies in FX markets.
Read full definitionAt Best
An instruction given to a dealer to buy or sell at the best rate that can be obtained at a specific time.
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An instruction given to a dealer to buy or sell at a specific price or better.
Read full definitionBroker
A third party coordinating the sale of financial securities between sellers and buyers. Exchanges only accept orders from their members, so traders and investors use brokers as intermediaries; brokers are compensated through commissions, fees or payment from the exchange.
Read full definitionBuy
Taking a long position on a product.
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