Trading involves lot of patience, planning and understanding of the market. Once you gain enough experience and expertise with the intraday trading, you can go for long term trading as well. Yes it is worth the wait!
SophieB posted: 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.
Good Day SophieB
We used to strategically plan long-term plays with the hopes that we would get a bigger 'piece of the pie' with less overall risk and effort but the numbers prove it otherwise.
The cycles you will witness are far more lucrative as the Market trends in both directions and you can capitalize far more often and have more opportunities to be free and clear of all trades much more often which is a valuable asset. Not to mention the swap fees that can build against your position for the long-term as well.
The potential of each capitalized cycle added across the same long-term time span will far exceed the amount in gains you would likely see in one trade alone. In following the Scalping strategies, you can vary your lot size as well and this can be very lucrative.
As an ongoing strategy now, after 15 years of working in Forex, we tend to stay out of the Market as much as we can and only get in when we see a strong potential.
It's worth the wait if you do have some experience how to trade in such bad conditions anyway and I am hoping you really know how to do that lately and carefully. Do you know how to or not? I am not able to make it going anyway.
I do prefer day trading over longterm. Just because I'm that type of person that wants to see results fast. And with longterm you need to have a lot of patience. And I have none. It's my problem. I lost a lot of money in the past just because I was not patient enough. So it's up to you.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
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