How to take a long position
If you’re looking to go long, you would open your trade at the offer (buy) price. A long position can either be opened by investing directly in the underlying asset, or by using financial derivatives such as CFDs or spread bets.
When investing in an asset directly, you will take ownership of it. As a result, you need the price to rise in order to realise a profit.
CFDs and spread bets are different because you never take direct ownership of the underlying asset, meaning they can be used to go both long and short. With a long CFD trade or spread bet, you would expect the price of an asset to rise and the extent to which your prediction is correct will determine your profit or loss.
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