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Help Please. CFD Question

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Terra
Super Contributor
I'm very new to CFD trading, and the following question/senario came up: Lets say you buy 1000 XYZcfd (LONG), and you want to close your posision with a SHORT do you 1. SELL 1000 to close your LONG posision, and then SELL another 1000 in a new SHORT trade or 2. can you SELL 2000 which will close your LONG and leaves you SHORT? Thanks.
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7 REPLIES 7
Terra
Super Contributor
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Not applicable
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Terra
Super Contributor
Thanks Marek, that's the answer I was hoping for.
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SimonPB
Valued Contributor
you could just sell 2000 and then be short 1000 ..
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Terra
Super Contributor
Excellent, thanks Sharky
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SimonPB
Valued Contributor
err shouldn't the be Mr Sharky ??
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Terra
Super Contributor
... en ek het gedink dat ons BULL supporters se bekke groot is :-)
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