I am long term term, although I was short term in the beginning of my career since it was hard for me to understand the concept of the Forex and how does it work. I didn't have enough brains to think long term you know?
Both strategies seem to have their advantages to me. Short-term trading is suitable for people with strong nervous system, good self-control and endurance. In this type of work it is important to make extremely quick decisions, quickly get a result that is not always positive. At the same time, in theory, this style is the most profitable. But long-term, investment trading is practically impossible without knowledge of the fundamental situation. Since you should choose daily charts for this type of work, such trading will take no more than half an hour per day. However, you can see the first results only in 2-3 months.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.