Long term trade for newbie

[bigxy]

Any trader can withstand in long term trading only if they know what they are being doing. New traders should make a trade with a prospect not to enter the market with short term trading objective and especially when the markets are highly volatile.

[Vaabum]

I believe that sometimes it is better to choose a short period for investing. But more often than not, it depends on the situation on the market.

[FXOpen Trader]

On 2/23/2022 at 1:50 AM, Vaabum said:

I believe that sometimes it is better to choose a short period for investing. But more often than not, it depends on the situation on the market.

I can say for sure that when we are doing our trades on a long term basis then the income will also get increased.

[James Mcgrant]

Newbies should try long-term trading during the beginning of their forex trading because the initial stages are for developing your skills and learning about the forex market.

Entering long-term trading may also bring in profits and can have a positive effect on your trading development.

[Vaabum]

To be honest, I liked the option of investing for a short period of time more. When I worked with a broker from ExpertOption, I often did just that.

[FXOpen Trader]

On 3/18/2022 at 6:10 PM, Vaabum said:

To be honest, I liked the option of investing for a short period of time more. When I worked with a broker from ExpertOption, I often did just that.

When we are doing our trades on a long term basis then the income we are getting needs to be controlled by us.

[Ritesh.R]

Long-term trades are beneficial to beginners because they can aid in the development of new skills and strategies.

[boltushkin]

One of the best long-term trades is carry trades, pick a pair that has some nice interest rate differentials, wait for the opportunity and enter into the direction that has positive swap. I used to trade with this strategy on Hotforex using USDRUB until recent events waiting for this opportunity to be available again. 

[Vaabum]

It is important to understand that beginners have their own peculiarities of work. The most important thing is to take the time to study.

[FXOpen Trader]

On 3/25/2022 at 9:57 PM, Vaabum said:

It is important to understand that beginners have their own peculiarities of work. The most important thing is to take the time to study.

In the business of Forex trading the main and the important thing is to have some sort of Control.

[Vaabum]

For a beginner without experience, this option may not be the most profitable. The analysis at the initial stages is not very stable.