Buy Vs Sell Flashcards
1
Q
What’s is a sell?
A
When the value of a currency drops
AKA going short
2
Q
What is a buy?
A
When the value of a currency rises
AKA going long
3
Q
What happens when you make a trade?
A
Base currency = currency to the left.
Quote= The right side or counter currency
When you place a buy, you buy what’s on the left and sell what’s on the right
(You Buy the base and sell the quote)
When Placing a sell, you sell what’s on the left and sell what’s on the right
(You sell the base and buy the quote)
4
Q
What causes the market to move?
A
Supply and demand
