Closing a Short position

[Bosschick]

A short position is the opposite of a long position – think of it as holding a negative amount of a currency pair.
In order to close a short position, you need to buy enough of the currency pair to bring your position back to zero.
For instance, if you are short $100,000 EUR/USD, then you must buy $100,000 EUR/USD to close the short position. If you can buy this back for less than you earned when you sold it originally, the difference is retained as profit.

 

[Ary Barroso]

That’s the main advantage of this financial market, that we can use both of position I mean, short & long both! By the way, Forex trading is a challenging profession and there is no shortcut way of success! We have to open our long & short position after doing deeper analysis on the market.