The World’s Premier Trading Platform

A long position signifies an investment approach in which the investor anticipates a market price increase. In the realm of currency trading, this entails purchasing the base currency within a currency pair, demonstrating the investor's belief in a possible upward trend in the market.

Bid price represents the value at which the market is willing to purchase a product. In foreign exchange (FX) trading, it indicates the rate at which a trader can sell the base currency in a currency pair. For instance, in the quote USD/CHF 1.4527/32, the Bid price is 1.4527, showing the amount of Swiss francs you can obtain for one US Dollar. Similarly, in Contract for Difference (CFD) trading, the Bid signifies the price at which a trader can sell the product, like UK OIL, as shown in the quote £111.13.*

By going long on a product, you are essentially buying it with the anticipation that its price will rise in the future. This strategy relies on the assumption that the product's market value will increase, allowing you to sell it at a higher price later on and make a profit.

The final price at which a product was exchanged to close a position is known as the closing price. It also signifies the price of the last transaction during a day trading session.

Profit refers to the monetary benefit obtained when the selling price of an item or investment exceeds its initial purchase or acquisition cost. It represents the favorable difference between the selling price and the buying price, indicating a profitable transaction or investment.

A pip, also known as 'percentage in point' or 'price interest point,' is the minimum unit by which a currency pair can fluctuate. It is commonly denoted by the fourth decimal place in the majority of currency pairs. For example, if the EUR/USD currency pair changes from 1.2500 to 1.2501, it has moved one pip.