Silver Long and Short and Charts

In trading, there are two types of silver trades, these are:

• Long (buy) - long is if the trend is buy/bullish.
• Short (sell) - short is if the trend is sell/bearish.

Buying/Long and Selling/short in XAGUSD Trading

Both terms in Silver Trading, refer to things we do when open a trade.

Buying Long - silver trading term to use when buying and when opening a trade.

Selling short - silver trading term to use when selling and when opening a trade.

Long - Long is another term used to refer to buying in silver trading, If a trader opens long it means that he buys the instrument that is heading in an upward trend direction. When the trading trading price is moving in an upward trend the trend is referred to as bullish trend.

Short - Short is a term used to refer to selling of a instrument that is going in a downward trend direction. When the trading trading price is going downwards then it is known as to as a bearish trend.

Basically the term, "selling short" can be refer to selling in the markets. Selling short is used to transact a instrument that is predicted to depreciate in value compared to another, when this silver is sold then it is the same as not holding value in this instrument and holding the same value in another form against which this instrument is traded against - mostly US Dollars.

Buy/Long

If the trading trading price is going up we buy, this is referred to as going long - Therefore long is just another name for buy. When the market trend is going up it is referred to as bullish, this is when a buy trade is placed. A bullish silver trend is identified by drawing an upward trendline on a chart. The example explained and shown below shows a long/buy trade signal.

Buy/Long

Sell/Short

If the price pair is going down we sell, this is referred to as going short. When the market trend is going down it is known as to as a bearish. The example explained and shown below shows a downward trend, this is when a short sell is placed. The short/sell is identified by drawing a down ward trendline on a chart. The example explained and shown below shows a short/sell trade signal.

Sell/Short - Silver Buy Trade and Sell Trade

XAGUSD Charts

A chart provides a visual representation of trading trading prices (drawn on the y-axis) against time (drawn on the x-axis) for silver. The movement of prices is plotted on these charts. The chart can be drawn as candlestick charts like the one below or as line charts or bar charts.

Chart - Candlesticks Charts

The three common types of silver charts used in silver trading are:

• Candlesticks Charts
• Line Charts
• Bar Charts

These 3 are explained in the topic Chart Types.

XAGUSD Software

This is the software that's provided by a broker to help silver traders place their trade transactions. Once you download and installs this software on your computer you can then begin to trade in the Silver market. All trade transactions are executed through this platform. If you want to learn a platform, MT4 Software is a good software to start with.

To set these trade orders, open MT4 Silver Software, open a "chart", rightclick on "chart", select "New Order", then select the trade order either sell or buy as pictured below. (Short Cut Keys - Press F9 Key)

Setting Buy Long Trading Order & Sell Short Order in Meta Trader 4