Silver Long and Short and Charts

In silver trading, there are two types of silver trades, these are:

• Long (buy) - long is if the silver trend is buy/bullish.
• Short (sell) - short is if the silver trend is sell/bearish.

Buying/Long and Selling/short in XAGUSD Trading

Both terms in Silver Trading, refer to things we do when open a trade.

Buying Long - silver trading term to use when buying and when opening a trade.

Selling short - silver trading term to use when selling and when opening a trade.

Long - Long is another term used to refer to buying in silver trading, If a trader opens long it means that he buys the silver instrument that is heading in an upward trend direction. When the trading trading price is moving in an upward silver trend the trend is referred to as bullish trend.

Short - Short is a term used to refer to selling of a silver instrument that is going in a downward trend direction. When the trading trading price is going downwards then it is known as to as a bearish trend.

Basically the term, "selling short" can be refer to selling in the trading markets. Selling short is used to transact a silver instrument that is predicted to depreciate in value compared to another, when this silver is sold then it is the same as not holding value in this silver instrument and holding the same value in another form against which this silver instrument is traded against - mostly US Dollars.

Buy/Long

If the trading trading price is going up we buy, this is referred to as going long - Therefore long is just another name for buy. When the trading market trend is going up it is referred to as bullish, this is when a silver buy trade is placed. A bullish silver trend is identified by drawing an upward silver trendline on a chart. The example explained and shown below shows a long/buy trade signal.

Buy/Long

Sell/Short

If the trading price pair is going down we sell, this is referred to as going short. When the trading market trend is going down it is known as to as a bearish. The example explained and shown below shows a downward trend, this is when a short sell is placed. The short/sell is identified by drawing a down ward silver trendline on a chart. The example explained and shown below shows a short/sell trade signal.

Sell/Short - Silver Trading Buy Trade and Silver Trading Sell Trade

XAGUSD Charts

A chart provides a visual representation of trading trading prices (drawn on the y-axis) against time (drawn on the x-axis) for silver. The movement of trading prices is plotted on these silver charts. The silver chart can be drawn as candlestick silver charts like the one below or as line silver charts or bar silver charts.

Chart - Candlesticks Charts

The three common types of silver charts used in silver trading are:

• Candlesticks Charts
• Line Charts
• Bar Charts

These 3 are explained in the topic Chart Types.

XAGUSD Trading Software

This is the silver trading software that's provided by a broker to help silver traders place their trade transactions. Once you download and installs this trading software on your computer you can then begin to trade in the Silver Trading market. All silver trading trade transactions are executed through this trading platform. If you want to learn a trading platform, MT4 Trading Software is a good silver trading software to start with.

To set these trade orders, open MT4 Silver Software, open a "chart", rightclick on "chart", select "New Order", then select the silver trade order either sell or buy as pictured below. (Short Cut Keys - Press F9 Key)

Setting Buy Long Trading Order & Sell Short Order in Meta Trader 4