Going long means buying a currency pair in the expectation that the base currency will strengthen against the quote currency. If the price rises after you buy, you profit; if it falls, you lose. "Long" is simply the term for a buy position.
Forex Term
Long
Buying a pair because you expect it to rise.
Example
Going long EUR/USD is a bet the euro will rise against the dollar.
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Trading Forex and CFDs involves a significant risk of loss.
Risk
Forex and CFD trading involves significant risk of loss and is not suitable for all investors. Leverage can work against you. This content is educational and not financial advice — always do your own research.