The difference between a Long position and a Short position lies in the direction you are betting on the price movement:
1. Long Position (Buy):
You buy the asset (currency, stock, etc.) in hopes that the price will rise.
You profit if the price goes up, and you lose if it goes down.
Example: You bought a currency for $10 and sold it at $15 → Your profit is $5.
2. Short Position (Sell Short):
You sell the asset without owning it (you borrow it from the platform) in hopes that the price will drop.
You profit if the price goes down, and you lose if it goes up.
Example: You sold a currency for $10, and then the price dropped to $7 → You buy it back and profit the difference ($3)
Quick Summary:
Long = I bet on the rise 📈
Short = I bet on the fall 📉
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