Long term trading I think always safe and comfortable but we have to make sure first of all sufficient trading balance for that. My trading career I always like to trade with long term trading, but sometimes I use scalping approach due to getting profit very rapidly.
Ericdier752 posted: Yeah, research is very important especially for long term. I was also hoping to use the price action strategy and I read all about it. Any tips would be great before I start.
Just focus on the price action trading patterns and do backtest it. This is a very important step and it is better if you don’t skip it. Backtesting your strategy will give you a fair idea of how your strategy will turn out to be in the market. Like I have been backtesting a few on some platforms - Oanda, Turnkeyforex, etc. Making observations about how your trade would go will prepare you better. Good luck.
I know that long-term trading cannot be realized without the ability to properly distribute risk and assess capital. Long term trading can be dangerous if there is a temporary drawdown, it's important not to lose control and not take any rash actions.
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