If I have a 1 Lot Long GBPUSD, does it mean I bought GBP100K and sold USD196K?
If I have a 1 Lot Long GBPJPY, does it mean I bought GBP100K and sold JPY237M? Does it also mean that 1 lot Short GBPJPY, i sold GBP100K and bought JPY237M?
How about Long 1 lot NZDUSD? Does this mean I bought NZD100K and sold 70KUSD?
To Generalize, Long or Short, I always buy/sell 100K of the currency on the Left Side?
I appologize if this sounded "very novice" but Im getting major headache after crunching some numbers!
If I have a 1 Lot Long GBPJPY, does it mean I bought GBP100K and sold JPY237M? Does it also mean that 1 lot Short GBPJPY, i sold GBP100K and bought JPY237M?
How about Long 1 lot NZDUSD? Does this mean I bought NZD100K and sold 70KUSD?
To Generalize, Long or Short, I always buy/sell 100K of the currency on the Left Side?
I appologize if this sounded "very novice" but Im getting major headache after crunching some numbers!