Trading for the long-term

Trading for long-term helps a trader come across several of his setbacks. Proper learning helps traders conquering all setbacks and also assists in discovering different ways to get rid of losses and bring advancement in knowledge.

A sound strategy is the only thing that really matters. If you have a strategy that has been tried and tested, then you should be able to make a significant amount of money no matter if it is a short term or long term trading strategy.

True that! Oftentimes, we forget about the vital fact that it all depends on how we play the game, how much knowledge we have, and how we apply it and tweak it wherever possible. We sometimes enter into the world of forex without knowing or calculating the risks involved and then losing it all.

It entirely depends on a trader's goals and objectives, whether long-term or short-term. The most important factor is the strategy used. It has the potential to change the entire game.

Long term trading is good for those who like long term trading.
For me it's not working. But I really respect those who trading this way.

Long term FX is not worth it. Better to trade stocks or crypto

Long-term trading must get support from a reliable broker, when a trader working on a long-term trading plan, some point maybe need to become considered is including swap fee or rollover fee, spread trading strategy, funds and more

If you are keeping the track of the product you want to invest for the long term, then you may think to invest in it. What I meant by keeping track, I mean like it's chart, it's base, news about it etc. Otherwise, it is a bit dangerous game.

It's your job as a trader to figure out which strategy works best for you. Regardless of whether you're trading for the short or long term. It doesn't really matter. The strategy is the most important aspect to consider. Successful trading careers can be built on a solid foundation of sound trading strategies that have proven to be profitable over time.

Yes, winning trades in forex can make up for a good source of consistent income in the long run. Forex trading is not easy, it requires a lot of accuracy in analysis to be able to predict the market correctly and take profitable decisions without letting overwhelming decisions block a clear thought process. But once you become profitable, there is no holding back. Many people have made their living out of forex trading. In order to achieve this, you need to trade diligently for a long term.