Explain a Long Position and a Short Position in Futures

question 64

Essay

Explain a long position and a short position in futures trading.

---

Definitions:

Observational Learning

Acquiring knowledge by watching the actions of other people.

Implicit Learning

The process of learning complex information in an incidental manner, without awareness of what has been learned.

Learned Response

A behavior that is developed as a result of conditioning or learning.

Latent Learning

Learning that occurs without any obvious reinforcement of the behaviour or associations that are learned until there is a reason to demonstrate it.