If you forget shorting for the purpose of this explanation it would help.
Long position is essentially buy to sell
You buy something knowing that price will go up later, once price shoots up you sell it.
You buy LLOY at 50p and sell at 60p when it goes up to 60p
You obviously expect someone will buy at 60p from you
There will be a demand and you will supply it.
Commodities (silver, gold, oil etc) also have a demand
Affordability is also a huge factor for commodities over and above supply demand.
Because commodities are priced against US Dollar
If USD goes up, price of commodities go down by the factor.
If there is no demand in the market then USD hike will reduce commodities price
If the demand is less than USD factor, then over price will be down
If the demand is higher than USD factor then SP will increase.
Anything which affects USD (there are many) will affect commodity price.
If USD is likely to get stronger than commodities will always go down except in volatile war etc.
With regards to GBP - because we just follow the price action of commodities through SB, we dont see the currency issues. If you were to buy actual Physical commodity like gold or silver, you will pay in GBP (only because its your currency but the price of gold will be in USD and you will pay the equivalent GBP)
If GBP is stronger than USD then yes you will get more for your money also gold will be cheaper but that’s just you. Anyone in China will have a different experience depending on their Forex rate.
Essentially its still just buying and selling - that’s LONG position
If you think actual price will go up and you can sell later, go long
SB is just a way of selling -
you can buy and sell actual gold too
If you dont know the commodity or share or anything dont buy it with a view to sell
Daily intra day trading is very very difficult
what @soi does is very hard game, mentally and physically
If you trade daily that makes you a daily buyer and seller
if you dont think you can sell with profit end of the day, dont buy
whatever your time frame is you have to gauge all aspects in that time frame.
sorry did try my best to keep it succinct. hope this helps
dont open too many positions in SB