Trading for the long-term
Mitglied seit Jul 23, 2020
869 Posts
Apr 21, 2022 at 07:09
It doesn’t matter whether you are a long term trader or part time trader. But the fact is that if you have the right trading strategy for the trading approach you are following. If you don’t have, it’s not recommended for you to enter trading because Forex trading is such a thing that can fully destroy you.
Mitglied seit Jul 20, 2020
399 Posts
Apr 22, 2022 at 10:03
LyudmilLukanov posted:
It doesn’t matter whether you are a long term trader or part time trader. But the fact is that if you have the right trading strategy for the trading approach you are following. If you don’t have, it’s not recommended for you to enter trading because Forex trading is such a thing that can fully destroy you.
It is definitely something that can take over your life if not careful. I think as people become more experienced thats less so it becomes more boring and methodical. Then success comes because thats the way you actually have to trade following rules and not doing drastic things
Mitglied seit Aug 05, 2021
401 Posts
Apr 23, 2022 at 00:52
I think it's important to figure out which works best for you. Some are better at part-time trading and vice versa. It definitely isn't a good idea to become a scalper if you also work a full-time job, but those that have a lot of free time can succeed doing so. Some also may thrive in one type of trading style while they do horribly with another. Once you figure out what kind of trader you are, things to start to fall into place.
Mitglied seit Feb 16, 2022
119 Posts
Apr 24, 2022 at 06:56
You are right; having a good trading strategy is such an important parameter here! But honestly, it's not easy to build a profitable trading strategy, since Forex market is so unpredictable! Only good skilled traders can do so!
Apr 24, 2022 at 23:15
Scalping is short term trading with small target pips but opening multiple trades daily, scalping could become a profitable trading strategy but also need patience because a small target only gets small value, in a certain contest, there is scalping trader able to become a winner in a contest, this is great trader generate high profit on the end contest.
Apr 28, 2022 at 05:11
Whether you choose to be a short term trader or long term, your priority should be creating and building a strong trading system. You must be able to adapt to change and enhance your skills as you move forward. In order to receive consistent profits, while managing risk and money, you must calculate a risk reward ratio which helps balance your capital and reduces the chances of blowing up your account. By maintaining discipline, you increase your chances of achieving your personal goals sooner.
Mitglied seit May 19, 2020
438 Posts
Apr 29, 2022 at 15:32
FredJones posted:And I would advise beginner traders to try to focus on the result, and not on the duration of trade. Although, even experienced traders should pay attention to this.
Beginner traders trading long term is a good experience to learn and understand live trading, but most importantly, it also depends on the type of strategies used to earn good profits.
@Marcellus8610
Mitglied seit May 11, 2020
21 Posts
May 16, 2022 at 21:13
quite agree, quite agree... tough not to agree and hard to argue :D
doesn't matter whether you are an investor, day trader or swing trader. consistency; trading strategy; right mood; maintaining a healthy mind level; ability to work a lot and extract a lot.
no way to fail in trading in case traders and investors will comply with these things.
doesn't matter whether you are an investor, day trader or swing trader. consistency; trading strategy; right mood; maintaining a healthy mind level; ability to work a lot and extract a lot.
no way to fail in trading in case traders and investors will comply with these things.
Mitglied seit Apr 04, 2022
3 Posts
May 17, 2022 at 11:29
(bearbeitet May 17, 2022 at 11:32)
Be careful while trading. It's great to make money and learn about the strategies. Timing and strategy are everything.
Catch Desirable Opportunities
Mitglied seit Apr 09, 2019
538 Posts
May 17, 2022 at 13:27
You can't go swimming without getting wet. Even if you nail down a strategy you will have losses. But too many are too eager to jump in straight away with live funds when they have no right to be doing so.
If you can't spot the liquidity then you are the liquidity.
Mitglied seit May 11, 2022
6 Posts
May 17, 2022 at 14:25
Scalping, or long-term trading, depends in part on how much time you have to trade each day.
If you have a full-time job and can trade on the side, then long-term trading is certainly an advantage.
The disadvantage of long-term trading is that there are strong movements in the market today that you should clearly include in your strategy. Our world is changing fast.
When scalping, you should be clearly focused and take a small move that will hopefully be profitable.
The disadvantage of scalping is that you have to constantly monitor the market in order to spot good opportunities and then trade them.
So it also depends on what kind of trader you want to be or what you feel comfortable with. In addition, your professional and private environment is also decisive which trading approach or strategy you want or can use.
If you have a full-time job and can trade on the side, then long-term trading is certainly an advantage.
The disadvantage of long-term trading is that there are strong movements in the market today that you should clearly include in your strategy. Our world is changing fast.
When scalping, you should be clearly focused and take a small move that will hopefully be profitable.
The disadvantage of scalping is that you have to constantly monitor the market in order to spot good opportunities and then trade them.
So it also depends on what kind of trader you want to be or what you feel comfortable with. In addition, your professional and private environment is also decisive which trading approach or strategy you want or can use.
Mitglied seit Jul 20, 2020
399 Posts
May 17, 2022 at 16:07
sebking1986 posted:
You can't go swimming without getting wet. Even if you nail down a strategy you will have losses. But too many are too eager to jump in straight away with live funds when they have no right to be doing so.
This is very true there is definitely some pain before gain in the markets but you have to go through it. Also you have to do it alone no one can be with you during it. Fortitude is needed and that is forged through time in the markets and losses with wins in a edge based system
May 19, 2022 at 05:47
Before deciding to trade full time or part time you need to know which suits you the best according to your strategy. If your system is built strong and durable and you’re ready for any kind of market behavior then you can definitely trade forex as a full time trader. The market is highly volatile and every trader must have their own strategy that suits them the best for carrying out profitable trades. If you do not have a long-term strategic plan then you can never earn profits.
Mitglied seit May 13, 2022
22 Posts
May 20, 2022 at 06:03
No matter whether you trade for long term or short term you still need courage to put in efforts to learn and understand the market. Imo, traders should analyse their personality before choosing to trade short-term or long term. Consider factors like, risk tolerance, and patience level.
Mitglied seit Jul 20, 2020
399 Posts
May 20, 2022 at 16:01
Bransle posted:
It makes no difference whether you are a full-time or part-time trader. It's all about having a sound strategy. You can make money and survive for a long time if you have a strong p
Completely agree, its more about being profitable and keeping that edge. It is all about finding something and repeating it day in day out and as you say doesnt matter if part or full time
Mitglied seit May 13, 2022
34 Posts
May 23, 2022 at 09:50
If you are a long-time forex trader, meaning that you either practice swing trading or position trading, it is important for you to follow fundamental and technical analysis. Fundamental analysis of the forex market is very important because an examined outlook of all fields of life gives you an idea how the market will perform overtime. This helps you in long term trading in deciding when you want to exit the trade.
May 24, 2022 at 16:40
For me, all those who trade no-long term are risky guys. Maybe I'm wrong, but trading on minutes is better with the help of an adviser. I do not understand them, so my opinion is based precisely on my feelings:) I think that long-term trading still has less risks as such. Although the risk of losing funds in both cases is high.
May 25, 2022 at 04:47
I always prefer long term trading to scalping because long-term trading refers to the complete professionalism. For long-term trading, good market forecast is badly needed. Long term traders should focus on fundamental analysis because only fundamental analysis can serve them an exact market forecast.
