What is buy long in Binance?

2020-10-08 20:50. In Margin trading, “Long” refers to buying at a low price and then selling at a higher price . In this way, you can earn a profit from the price difference.8 Eki 2020

In this story, I will explain the process of short-selling with Binance exchange.

In a long trade, you purchase an asset and wait to sell when the price goes up . “Buy” and “long” are used interchangeably. When you’re in a short trade, you borrow an asset, sell it, and hope to buy it back when the price goes down. “Sell” and “short” are used interchangeably.