Silver Long and Short and Silver Trading 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 xagusd trade.
Buying Long - silver trading term to use when buying and when opening a xagusd trade.
Selling short - silver trading term to use when selling and when opening a xagusd trade.
Long - Long is another term used to refer to buying in silver trading, If a trader goes long it means that he buys the silver trading instrument that is heading in an upward trend direction. When the trading xagusd trading price is moving in an upward silver trend the trend is referred to as bullish xagusd trend.
Short - Short is a term used to refer to selling of a silver trading instrument that is going in a downward trend direction. When the trading xagusd trading price is going downwards then it is referred to as a bearish xagusd trend.
Basically the term, "selling short" can be refer to selling in the xagusd trading markets. Selling short is used to transact a silver trading 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 trading instrument and holding the same value in another form against which this silver trading instrument is traded against - mostly US Dollars.
Buy/Long
If the trading xagusd trading price is going up we buy, this is referred to as going long - Therefore long is just another name for buy. When the xagusd trading market silver 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 trend-line on a xagusd trading chart. The example explained and shown below shows a long/buy xagusd trade signal.
Buy/Long
Sell/Short
If the xagusd trading price pair is going down we sell, this is referred to as going short. When the xagusd trading market silver trend is going down it is referred 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 downward silver trend-line on a xagusd trading chart. The example explained and shown below shows a short/sell xagusd trade signal.
Sell/Short - Silver Trading Buy Trade and Silver Trading Sell Trade
XAGUSD Charts
A silver chart provides a visual representation of trading xagusd trading prices (drawn on the y-axis) against time (drawn on the x-axis) for silver. The movement of trading xagusd trading prices is drawn 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.
Silver Trading Chart - Candlesticks Silver Trading Charts
The three common types of silver charts used in silver trading are:
- Candlesticks Silver Trading Charts
- Line Silver Trading Charts
- Bar Silver Trading Charts
These 3 are explained in the topic Silver Trading Chart Types.
XAGUSD Trading Software
This is the silver trading software that is provided by a broker to help silver traders place their silver trade transactions. Once you download and installs this silver 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 silver trading platform. If you want to learn a silver trading platform, MT4 Silver Trading Software is a good silver trading software to start with.
To set these xagusd trade orders, open MT4 Silver Trading Platform, open a "chart", right-click on "chart", select "New Order", then select the silver trading order either sell or buy as shown below. (Short Cut Keys - Press F9 Key)
Setting Buy Long Silver Trading Order & Sell Short Silver Order on MT4
