Zoomies Forex & Crypto
<-------BUY point
SELL point ------->
A buy trade, also known as a long, is a type of trade where a trader purchases a currency pair with the expectation that its value will increase in the future. This type of trade is executed when a trader believes that the base currency will appreciate in value against the quote currency. The trader will then sell the currency pair at a higher price to make a profit.
This image is also considered a up trend
A sell trade, also known as a short, is a type of trade where a trader sells a currency pair with the expectation that its value will decrease in the future. This type of trade is executed when a trader believes that the base currency will depreciate in value against the quote currency. The trader will then buy the currency pair at a lower price to make a profit. It is important to note that short trades involve higher risks and require a different set of skills and strategies compared to long trades. This image is also considered a down trend.