Know your tools to be an effective trader

CFDHero allows users to trade in both bull and bear markets with long and short strategies. Bots supports both directions but each bot is configured to be in one. To trade both directions with the same settings another bot must be used. You may make a copy of a bot and change the strategy to trade an asset in both directions.

What is a Long strategy

Buying an instrument with the native currency (USD for example) expecting that the value of the stock will rise. A profit is made when you sell the stock that has appreciated in price.

What is a Short strategy?

Selling an instrument in anticipation that the price will drop in the future. A profit is made when you buy back the same stock at a lower price.

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