gabeorwel posted: always! Long term is a path of smart people. one very famous investor once said - you need to wait for 9 months for a woman to give birth. You can't make her give birth faster by impregnating 9 other women. Same thing with an investments. You can't possibly expect to get something valuable and not waiting for it.
You can't call yourself a trader without this ability to wait. Everyone knows that you can't possibly achieve something NOT working hard. IT's just not possible. Well, it's possible. But just if you have rich parents. Otherwise - you gotta work hard and wait passionately.
Long term is the best way to earn good revenue. Patience gives you good results at the end. Every trader should have patience during trading. Gold is considered as a safe haven and is one of the best long term investments. Investments held for longer periods tend to exhibit lower volatility than those held for shorter periods.
Yes it is but you have to be well trained. That means that you should have mastered trading to your best potential. Waiting long term will be worth it if the result that you wil get ill be better than if you had not waited.. Having patience is a very important part of forex trading. Think baout it.
Let me tell you what I did when I joined forex. I took more than a year learning and practicing in my demo account before I began real trading. I needed to know if I was going to be a good trader or not and that time was sufficient. You therefore need to have patience if you want to make it big. It does not hurt but actually pays off.
If you are new than you should try your trade with short tem trading and try to gain some some quick profit. But I think long term trading is also not bad thing and most of the expert traders are doing long term trading and making good profit.But for long term trading you always need big amount of capital and also knowledge and skills.
Of course, but only if you have done a large market analysis before and have carefully considered all your steps with different options. This is really important, because even a lot of capital cannot be a guarantee if you do not understand what you are doing in the market.
Depends on trader perception. I keep position very long; include rollovers I have 87 days holding average. Because of this I can take bigger profit. Recently I took silver from 14 to 21 I hold it 5 months and now silver is 25 so I could still hold and still happy.. Here is the trick, to hold that much I should manage position size and must take relatively small size. Another trader can take five times bigger position and hold silver last couple weeks and he would be still same profitability with me. As you can see there is no correct or wrong, worth or not, it is just choose.
Yes, it is true because long term trading requires risk-reward to be followed. Risk reward scalping is no longer seen in the case. But long-term trades need to look at these later, which makes the trade more likely to turn a profit. And long term analysis is usually done by looking at the big time frame so the analysis is much better. However, in order to trade long term, the amount needs to be more. It is not possible to trade long term if the amount is not high.
Both long term and short are good for trading. But the real question which type of trading is good for whom. If you understand long term trading well it's good for you. Without understanding the price movement holding a trade for long term can wipe out your account. So what you understand the best is best for you.
Many traders think short-term trading is the most profitable. But Long-term trading can also be profitable. It is most suitable for lot of traders, including those they have full-time jobs or other everyday duties and commitments.
Nothing that you have been learning and gaining a new skills are done in the short term. Everything is done in long term plans. Long term trading can give you so many opportunity to have a new skills - discipline, patience, risk manager, money manager and many more.
Sometimes, Long term investment pays off if you have eyes on making big profits and targets. Long term investment for the traders who want to have a long run in the forex market. It is a time taking process but the results are good.
ethan_65 posted: Sometimes, Long term investment pays off if you have eyes on making big profits and targets. Long term investment for the traders who want to have a long run in the forex market. It is a time taking process but the results are good.
couldnt agree on that more. definitely applies to gold and bitcoin for me
If the market is in trend, holding the position pays off. But for slideways market holding a trade can be dangerous if breakout happens and you are against the trend. To hold a trade you need to confirm about the trend.
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