Easy Forex - Forex Long Term Trading Better Than Short Term Trading

Easy Forex - Forex Long Term Trading Better Than Short Term Trading

Is it better to trade Forex for a while term or short term? It all depends on your own personal characteristics as a trader. Let me explain in detail.Long-Term Forex TradingLong-term traders are often called Position Traders. They analyze the market as a big picture, and then properties open trades when they see that the situation is right, according to their own analysis. Then they may hold on to their positions for days or weeks. Long-term trading is suitable for traders with more patience and are able to wait a longer time to see returns.Short-Term Forex TradingShort-term traders can be day-traders or scalpers. Day-traders are traders whose trades the preceding about 1-2 days. Some traders open trades after analysis and then leave them overnight, and the afterward morning, they check to see whether properties hit a profit or loss. Scalpers are traders who aim to win just recently a small amount of pips in a very very brief time. Their scalping trades typically do not last very long... from moments to an hour.Both Long-Term Trading and Short-Term Trading has their own advantages and disadvantages, but from what i read in my own experience and opinion, continuous trading is the better of the two because of several reasons.

1. Long-term trading frees up time. Analysis can be wrapped up in maybe a few minutes to a few hours a week, and when a good trading choice is identified, you can let it run and spend the rest of your time working your a good deal more job or with your family.
2. Long-term trading is less risky. It lets you see the big picture when you zoom out to see the daily or weekly charts. Most of the time, we much lose trades though we forecast the right way just because of random market movement hitting our stop-losses. But with long-term trading, these kinds of random movements are not big enough to get in touch with our stop-losses and will go in our course eventually - if we are indeed right and a reversal does not occur.
3. Long-term trading gives you more time to standby. You see, scalpers crisis to fix the eyes on their screens when properties trade, clearly to watch the market move up and down.

They seek to identify opportunities and grab them almost immediately. But with long-term trading, you will hold hours to make up your mind to trade or not to trade.From points 1-3 above, it is clear that long-term trading will not make you a zombie-trader. The big disadvantage of consistent Forex trading is the wait. There are a good deal many short-term traders around because they are treating Forex as a job and Forex is their passion. Some of them just cannot wait so long and want to see realized profits fast and so they turn to day-trading or scalping. Download your FREE Forex ebook @ <ahref="http://funeasyforex.blogspot.com">http://funeasyforex.blogspot.com now.