Long term trading I think always safe and comfortable but we have to make sure first of all sufficient trading balance for that. My trading career I always like to trade with long term trading, but sometimes I use scalping approach due to getting profit very rapidly.
Feb 21 2021 at 14:42
Long term timeframes are always the ones that decide direction
Feb 21 2021 at 17:43
If new traders have time, they should start trading with long term trading style.
Long-term trading is less likely to lose. Because it is possible to control emotions by doing long-term trading.
Long term trading in forex tends not to be profitable as one think but yes it can be useful if you want to reel in not taking risk
Long-term trading has a lot of advantages, new things are needed for it, they carefully prepare.
Mar 03 2021 at 10:19
Shorter time frames are a bit difficult to trade on. There is so much noise and interference that trading can get difficult.
Sometimes long term can be faltering if proper research are not being done when preparing your strategy
Mar 08 2021 at 12:46
cardigan posted:I believe that strategy forms the core of any trade and traders should be careful enough to understand how it works, and then use it.
Sometimes long term can be faltering if proper research are not being done when preparing your strategy
Mar 09 2021 at 04:42
Yeah, research is very important especially for long term. I was also hoping to use the price action strategy and I read all about it. Any tips would be great before I start.
Mar 09 2021 at 10:46
Ericdier752 posted:Just focus on the price action trading patterns and do backtest it. This is a very important step and it is better if you don’t skip it. Backtesting your strategy will give you a fair idea of how your strategy will turn out to be in the market. Like I have been backtesting a few on some platforms - Oanda, Turnkeyforex, etc. Making observations about how your trade would go will prepare you better. Good luck.
Yeah, research is very important especially for long term. I was also hoping to use the price action strategy and I read all about it. Any tips would be great before I start.
Long term trading is most ideal for a new trader as it prevents the chances of losing big money. Problem with short term trading that it makes newbie to do overtrading.
Apr 05 2021 at 07:37
i always prefer long term trading
because its safe and sounds than any short time approach , generally short time trading approach not works for a long time .
because its safe and sounds than any short time approach , generally short time trading approach not works for a long time .
May 03 2021 at 17:06
It is common to make mistakes. I also face the same situation when I was a new trader. I learned many things from that mistake.
Oct 02 2021 at 21:07
I know that long-term trading cannot be realized without the ability to properly distribute risk and assess capital. Long term trading can be dangerous if there is a temporary drawdown, it's important not to lose control and not take any rash actions.
Tradelist45 posted:Yes, I think so too, long term trading is followed by a professional style
i always prefer long term trading
because its safe and sounds than any short time approach , generally short time trading approach not works for a long time .
I don't think it will lead to long term losses instead it will help protect your account from further loss.
Jan 08 2022 at 10:32
Most traders prefer long-term trading as it allows them to hold a position in the forex market for an extended time. It helps to look into future prospects of the market. Though long-term trading is safe and comfortable, it is time-consuming.
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