Short
Also called: short position, go short, shorting, selling
Selling something expecting its price to go down — the bearish opposite of going long.
Shorting GBP/USD during the Sep 2022 mini-budget collapse netted traders 1,000+ pips in three days as the pound crashed to a 37-year low.
Related terms
Long
beginnerBuying something expecting its price to go up — the most basic bullish position in any market.
Bear / Bearish
beginnerA trader or outlook that expects prices to fall. "Bearish" means pessimistic about upside.
Quote Currency
beginnerThe second currency in a forex pair — the one used to price one unit of the base currency.
Major Pair
beginnerAny forex pair that includes the US dollar and one other top-tier global currency — the most liquid pairs in the world.
Minor Pair
intermediateA forex pair made up of two major currencies that does NOT include the US dollar — like EUR/GBP or AUD/JPY.
Exotic Pair
advancedA forex pair that includes one major currency and one currency from a smaller or emerging-market economy — like USD/TRY or USD/ZAR.