Hello everyone, I am not fan of doing a long term investment, in fact I never tried it. But I have been curious with it, so I tried ti read some articles, one of the articles I have read caught my attention. Entitles, 'Long Term Investment is Worth the Wait' (https://www.funds-money.com/long-term-investments/). According from this article, though there is a higher risk with this one there is also a greater returns? Is that true? Help me for those who did long term investment.
Do you know, a number of pro traders are doing long time trading actually! Know why? Because, long time trading is much reliable than short time trading! But its true; for doing long time trading traders need higher amount of trading capital and knowledge as well! Yes, I support long time trading!
Jul 07 2017 at 12:27
That really depends on how good a trader is. If you're good at long-term trades it's worth the way. If you're not good at it you'll just keep digging yourself deeper until you won't know how to get out.
If you put a longterm trade with a near 100% chance of success, it sure is better than short term trades with maybe 60% chance of success.
Examples, everyone knew the brexit would weaken GBP, you could easily put a 1300 pip or so even after the result came in(!), the french election weakening the euro, here you could make about 700 pip with a poor entry. The US rate hike path, where you could make 2000 pips in a few months on several major pairs. The political situation in greece last year, the political situation in Turkey, the situation in Brazil, in Russia, the move to normalization on the JPY etc etc.
Examples, everyone knew the brexit would weaken GBP, you could easily put a 1300 pip or so even after the result came in(!), the french election weakening the euro, here you could make about 700 pip with a poor entry. The US rate hike path, where you could make 2000 pips in a few months on several major pairs. The political situation in greece last year, the political situation in Turkey, the situation in Brazil, in Russia, the move to normalization on the JPY etc etc.
Longtime trading is not workable for all of traders! You may know, a number of Forex traders are doing short term trading! It takes, huge investment with enough patience! By the way, I am also comfortable with day trading.
The reality is 'long term' is an illusion. Thia market ia ever changing based on current events which can hammer anyones account. How many people 'followed' the trend on EUR/USD during the last 3 mknths and have been able to live to tell about it. Focus on making money today and withdraw as much as you can.
@GJscalper for more information
Jul 10 2017 at 09:43
Long term vision is key to success, especially when you can add to your winning position.
Very easy to say but very hard to put in practice.
How could you make long term when you can't even know the structure price of EurUsd?
There is actually no trend in EurUsd why would you short for the last 3 months?
Very easy to say but very hard to put in practice.
How could you make long term when you can't even know the structure price of EurUsd?
There is actually no trend in EurUsd why would you short for the last 3 months?
Enjoy trading!
CrazyTrader posted:
Long term vision is key to success, especially when you can add to your winning position.
Very easy to say but very hard to put in practice.
How could you make long term when you can't even know the structure price of EurUsd?
There is actually no trend in EurUsd why would you short for the last 3 months?
Why would one short EURUSD the last 3 months? Well what has EURUSD done for the last 2 years prior? It has done nothing but drop, so the TREND has been down on the EURUSD which is why people have shorted it the last 3 months and have gotten spanked! Long term is an accumulation of short-term success. It is not possible to be profitable in the 'long term' if you are losing 'day in and day out'.
@GJscalper for more information
CrazyTrader posted:
Long term vision is key to success, especially when you can add to your winning position.
Very easy to say but very hard to put in practice.
How could you make long term when you can't even know the structure price of EurUsd?
There is actually no trend in EurUsd why would you short for the last 3 months?
There is ALWAYS a trend on any instrument. It may not be clear to see based on the TF which you are using, but a trend simply shows the tendency towards a particular direction. However, the trend doesn't indicate what the new volume will do. That is where the key to success comes into play. You @CrazyTrader try picking tops and bottoms which is why all of your accounts have been hammered and most haven't updated in over 6 months.
@GJscalper for more information
Jul 10 2017 at 10:20
You don't even know how to read a profile... How could you be able to read a chart?
It says live accounts update here:
https://www.forexfactory.com/pipsfestival
Secondly, learn basics in trading... When a pair is ranging there is no trend... that's why it's called a range!
And yes, when a pair is ranging, you buy the low of the range and sell the high of the range.
Most traders are currently short on EurUsd because price goes up from the last low of the range.. They don't see it because they all trade on 1Hour tf
Called Long since 9th march + forecast out of the range by a breakout on the top side.
https://www.myfxbook.com/forex-charts/EURUSD,D1/3494
By the way, EurUsd was ranging for the last 2 years.
You don't fancy Long term... because you have no vision. Trade what you like and suits your trading style.
Enjoy.
It says live accounts update here:
https://www.forexfactory.com/pipsfestival
Secondly, learn basics in trading... When a pair is ranging there is no trend... that's why it's called a range!
And yes, when a pair is ranging, you buy the low of the range and sell the high of the range.
Most traders are currently short on EurUsd because price goes up from the last low of the range.. They don't see it because they all trade on 1Hour tf
Called Long since 9th march + forecast out of the range by a breakout on the top side.
https://www.myfxbook.com/forex-charts/EURUSD,D1/3494
By the way, EurUsd was ranging for the last 2 years.
You don't fancy Long term... because you have no vision. Trade what you like and suits your trading style.
Enjoy.
Enjoy trading!
