What are long and short positions in crypto trading?

In crypto trading, a position is your compass, guiding your investment decisions and determining your profits or losses. It's a statement of your market commitment, based on your belief in the direction of cryptocurrency prices:Will they rise or fall?

A position is defined by its size and direction, representing the amount of assets you own and whether you're buying or selling. Think of it like a treasure map, leading you to hidden riches or warning you of potential pitfalls.

To succeed in crypto trading, you must define your position. Will you take a long position, betting on rising prices, or a short position, anticipating a decline? Don't navigate the market without a clear direction. Determine your position and start trading with confidence!