Intraday trading or long term trading which is best
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  • #1 Collapse

    Intraday trading or long term trading which is best
    Every trader has his own trading abilities and has his own trading style I like to do long time trading because the long term trading has so many advantages I want to ask from all of you that which trading style you like please give your precious replies
    Attached Files
    Azam 786 Trading Journal,
    https://forum.mt5.com/showthread.php...rading-Journal
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  • #2 Collapse

    There are lot of the advantages of the intraday trading and also of the long term trading no I want to discuss the advantages and disadvantages of the intraday trading and also of the long term trading...
    Intraday trading
    intraday trading dependent on the short term trading and also the short term trading is so risky for us from the short term trading v take the risk and entered and also it is so disadvantages for us
    Advantages ...
    Just only theadvantage of the intraday trading is that which use the lot size and also the high leverage this trading is like the scalping and also the scalp become the millionaire in the short-term because high risk is a chance to become a good millionaire so that's why I think if the market come into our fever then the scalper trading prove for us and successful trade....
    Disadvantages ...
    if the market reject any area from the placing order as you know that in the scalping which use virus then the market trend f changed then lot of the possibility is just in the some tips our trade will gone on the end of the capital so I think risk free trading is best for us.
    never got any experience our knowledge from the intraday trading because it is short term trading and with never judge it for the long deal.


    Long term trading

    in the long term trading we set our take profit from an wide range from the placing trade area and also this is mental stress free trading experience and I think the longdale is better than intraday trading short deal.

    Advantage of the long term trading

    If we place any trade and holded from the long term then our experience knowledge confidence and also planning increase and also if an indicator giving us an indication for the next moment then again we can follow the indicator and set up our prayer for the long tail in such a way we can earn good profit from the long term trading so I think that the long term trading is better than the short-term deal.
    Disadvantages
    I think there is no disadvantages of the long term trading so long term trading is also so useful for us because from the long-term our experience knowledge always increased

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    • #3 Collapse

      Trading patterns in Forex
      The forex market is very flexible and it allows traders to carry out a lot of customised trading activities in the market according to their own plan and preferences, some traders can trade as short as few seconds in the market to capture short pips movement and make good profits from the accumulation of these little amounts while some other traders can trade and leave the position open for a long period of time which can span into weeks, months or even years.

      There are mainly four types of trading style which are listed below.

      Scalping
      The scalping trading method is carried out by a group of traders referred to as the scalpers. They trade the shortest time frame in the forex market. They can open and close a position for as short as few seconds to minutes and to few hours. This trading technique bis fast paced and it has a high level of risk in the market. High level of logic and good forex knowledge is required to succeed as a scalper.

      Day trading (intraday trading)
      The day trading or intraday trading is the trading pattern that involves the traders opening positions for some hours so as to catch pips movement within this period but they usually close the trade before the end of the trading section for that day. The trade opened does not cross into another trading day.

      Swing trading
      The swing trading would see that a trader would open a trade and close it after holding the position for more than one day. The swing trader can hold his trading position for two days or more. Good profits are also made from this trading pattern.

      Position trader.
      The position trader is a trader that makes long term trade which runs into weeks, months or even a year depending on the length that the trader prefers to trade with in the forex market. Position traders are most time passive as they would open the trade and leave to run for a long time as they prefer.


      Intraday or long term trading which is better?

      Actually this depends on some factors. Good amount of profits can be made from both trading pattern depending on the lot size that is used and the level of expertise and experience of the trader. In general I believe day trading should be better if the trader is a professional because the little amount of profits that could be accumulated from the downtrend trades and the uptrend trades would add up to give better and larger profits at the end, compared to the position or long term trading.

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      • #4 Collapse

        The answer to this question is relative, as different traders have their preference. Both intraday trading and long term trading have their pros and cons. For the benefit of those who are new here:

        Intraday trading refers to trading that starts and ends within the same day. The scope of this type of trading covers Scalpers(those that start trades and close them within minutes) and Day traders. In this type of trading, so much capital is not required to be in your account balance for you to trade. However, it is good that we all know that, this type of trading means that a trader will encounter so many risks, that will eventually arise as a result of daily price movement and volatility. In other words, this type of trading is more riskier and beneficial at the same time. Most traders who do intraday trading are allowed the liberty to open so many trades within their trading duration.

        On the other hand, long term trading refers to trading that are done in situations whereby, trades are open and allowed to carry On for months or year(s). In this type of trading, the number of position held are one or two. This portend lower risks. However, this type of trades needs larger capital for a trader to be able to participate in them.

        The both trading system are beneficial or profitable. For a trader to choose the best between the two system, that will be subject to meeting the requirements or preference based On the understanding of both system.

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        • #5 Collapse

          intraday trading is more tension

          intraday trading: more tension, anguish, high risk, but more profit potential and fast .
          short-term: more flexibility than intraday trades, less tension, more likely to reach the goal, but the goal is further, so there is always a risk of not reaching it.
          medium-term: in this case, traders often look for a balance between risk and profitability, less tension when holding a trade, the profit will have to wait a long time, but closing the trade before the deadline carries the risk of losing profit to the trader.
          long-term: maximum flexibility, no tension, the need for patience, a large baggage of experience and knowledge, but we can say that long-term trading is not trading, it is investment. Long-term trades, although they take longer, bring more returns to investors

          short term trading
          During the day and in short-term trading, knowledge and correct assessment of charts is required, and this requires experience to understand the motives of price movement, to be able to interpret technical indicators in small timeframes.
          long term trading
          Long-term trading requires deep knowledge of the fundamental data of different countries, the ability to make a high-quality long-term forecast using technical analysis, because everyone who holds transactions for months or even years should know the purpose and prerequisites for entering and holding a position.
          each trader have different psychology

          Each trader has a rather different understanding of the timing, according to which the types of trade are determined, but if we generalize a little and collect the most popular answers, we get something like the following:
          Intraday trading - trading within one day (day).
          Short-term trading - trading in which the duration of the transaction usually does not exceed one or two days (almost the same as intraday).
          Medium-term trading - trading in which positions are held from two days to several weeks.
          Long-term trading - trading in which the position is held for months.
          All these terms "float" quite strongly, since everyone determines what is long for him and what is not. But in general, regardless of the exact timing, there are certain pros and cons of each of the types associated precisely with the duration of the position.
          short term trading pros and cons
          Short-term and intraday trading.

          Pros :
          no need for a large deposit;
          a huge selection of ready-made trading strategies;
          a large number of operations performed allows you to quickly learn to understand the market;
          when you connect the return of the spread, a large flow of transactions promises a good profit;
          potentially the most profitable trading style


          Cons :
          high level of psychological stress;
          requires constant "surveillance" of the market (time consuming);
          difficulties in determining the true market sentiment (the price is constantly changing direction);
          in the absence of a variety of "returns" implies a fairly large cost associated with the number of transactions.
          medium term trading pros and cons
          Medium-term trading.

          Pros :
          for trading, the terminal can be visited 1-2 times a day;
          low psychological stress;
          higher level of stability;
          in most cases, this method uses simple technical analysis;
          brings potentially good profits.
          Cons :
          a more balanced and thoughtful analysis is needed than in short-term trading;
          the presence of a swap for transferring positions between days "cuts" part of the profit;
          more significant capital is needed compared to short-term trading.
          This type is used by the majority of private traders, since it involves a relatively small load in time, but with a competent approach it can bring constant and good profit.

          long term trading pros and cons
          Long-term trading.

          Pros :
          low level of psychological and physical stress;
          we catch big fish, and big fish = big profit;
          with a competent approach, a relatively low level of risk;
          econonym on the spread.
          Cons :
          swap for transferring positions every other day;
          long trading period;
          the need for large capital (due to the increase in terms, it is necessary to increase the profit per transaction);
          it is necessary to delve into fundamental analysis, since it is on fundamental data that movements of such scales are built.
          This type is already used by large players, and not only because it assumes minimal participation, but also because a large player cannot close positions in seconds, without collapsing the price, and therefore they have to gain and reset them for weeks.

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          • #6 Collapse

            Originally posted by azam786 View Post
            Every trader has his own trading abilities and has his own trading style I like to do long time trading because the long term trading has so many advantages I want to ask from all of you that which trading style you like please give your precious replies

            Trading style's definition
            In Forex trading, 4 types of trading styles can be tailored to the interests and personal characteristics of each trader. Of the four types of styles, intraday and long-term trading are also included. It's just that in a general definition, long term trading has a more specific explanation depending on the trading time, the size of the target or risk used, and how long the trader holds the transaction. This causes long term trading to be divided into several other sections, namely swing trading and position trading.



            What are the types of trading styles in Forex trading?
            First of all, a trader must know what types of trading styles fall into. Since this is known, the following is an explanation of the 4 types of trading styles in Forex trading:

            1. Scalping.
            Scalping is a trading style used by traders to get profit with very small pips (ranging from 1 to 10 pips for each transaction), and trading times usually occur when the market is moving with high volatility.
            Scalping is highly recommended for traders who have fast thinking and concentration by paying attention to the patterns that are formed on the market through large and small time frames to get entry and exit signals.

            2. Day trading.
            Day trading is a trading style used by traders to get profit with fairly large pips (ranging from 20 to 50 pips for each transaction), and the trading time usually takes advantage of all the active hours the pair will be trading.
            So, the trading duration is 1x24 hours where every transaction opened must be closed on the same day, not more and not to be reduced or added to by swaps. That's why this trading style is perfect for traders who want to get the job done and start a new trade the next day with a new idea.

            3. Swing trading.
            Swing trading is a trading style used by traders to get bigger pips of profit compared to scalping and day trading (ranging from 50 to 100 pips for each transaction), and trading times can usually last several days or even more.
            This is because swing trading follows the movement of the market in a large trend on a large time frame, so the movement is also large. Even though it takes longer than the previous 2 trading styles, swing trading is perfect for traders who only need to follow market movements in a trendy manner without having to worry about the fluctuations that occur on smaller time frames.

            4. Position trading.
            Position trading is a trading style used by traders to get profit with very large pips by spending a very long time. The target reached is usually greater than 200 pips for a single trade and the choice of trading instruments also varies depending on how much fundamental activity is going on in these instruments.
            When compared to the previous 3 trading styles, position trading is a trading style that is only suitable for traders who are focused on long-term investments. That is why this trading style is not suitable for traders who want to generate profits continuously and repeatedly in a short time because usually position trading is carried out by people who do have financial freedom.



            Conclusion: which one is better between intraday (day trading) and long-term trading (position trading)?
            After knowing the types of trading styles above, the answer to this question certainly is, it depends. If traders prefer intraday or day trading where the amount of pips they get is quite large and transactions can be completed on the same day, then intraday is the right choice. However, if the trader can be patient in holding the transaction for longer to follow the market movements largely through the trend, then long-term trading or position trading is the next best option. Each trader can conclude every important factor that determines which trading style is more suitable for them.

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            • #7 Collapse

              • Day trading or short-term trading (Intraday trading) :
                is the type of trading that aims for opening your trades in the market for short-time until they achieve a near target during the daily trading sessions, and closing these trades before the end of the daily trading sessions i.e. before the end of the day, without holding your trades opened in the market to the next day.
              • Long-term trading :
                Refers to the type of trading that aims for opening your trades in the market for long time until they achieve a far target within few days. Where, this type of trading aims for holding your trades opened in the market for more than one day until they reach their targets.

              • Short-term trading and long-term trading which is better ?
                No one can determine well which type of trading from those two types is better than the other. As there are many Forex traders can succeed and achieve very good profits using short-term trading and when they try to use long-term trading in their trading, they typically fail and achieve losses during their trading. And this because there are some traders can't control their emotions if they leaved their trades opened until the next day, and they even may fail to sleep until they close them, leading them to take wrong decisions during the trading, which may lead them to face big losses. So, the best for this type of traders is the short-term trading (day trading).

                While there are other types of traders can leave their trades opened in the market for more than one day without any problem or worry as result of their ability to control their emotions in addition to their trading with good experience and knowledge. And this is why, the long-term trading is better for those traders. Because it can bring them good profits. So, the choosing between short-term and long-term trading, depends on the traders' ability to control their emotions in addition to their experience and knowledge. But both of them are very good in the trading.
              My Trading Journal

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              • #8 Collapse

                Intraday trading or long term trading which is best
                The concept of best does not really apply when it comes to forex trading, there are varieties of trading strategies or methodologies that people can actually decide to use, a trader who is very conversant with scalping for example will always defend this trading method,another trader who understands long-term trading will always prefer to apply his own method in the market, what is really important is for us to have the right mindset. Whether you use the long-term or the short-term what really matters eventually is that you are profitable and that is the goal and the dream of every trader, intraday trading method involves using the short-term analysis to view the market,most traders rush into this method because it seems to give them faster profit, one thing that fuels losses in the forex market is people's lack of understanding about the danger of consistently using short-term methods in the market.

                Intraday Trading
                This category of people look at the market from a short time frame analysis,usually they will analyse the market from the 15 minutes time frame through to the 1-minute time frame because they are looking to enter short-term trading opportunities.

                Long Term Trading
                Long-term Traders will usually view this Market from a higher timeframe perspective, it is better for you to trade with this mindset because of the advantages that could come with it,pif you're always look at this Market from a lower time frame perspective you will have many false signals that will give you a necessary losses, having a viewpoint that relates to the long-term is better in the long run.

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                • #9 Collapse

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                  This is a very question to be asked because many people got it wrong when it comes to “the best” on this matter. So let’s try to delve into this thing from a different perspective.....


                  The definitions
                  What does it mean to trade intraday? Well, for short, intraday trading means you enter and exit the market on the same day. There are different categories when it comes to intraday trading and they include scalping (those who enter and exit in minutes or just trying to catch a few pips per entry), those who trade using M5 to M15 time frame and session traders (who enter and exit a trade on the same trading session or two but never carry the position on to the next day). Each of them have different personalities.

                  What about long term trading? Typically those who trade long term will carry their position forward to next month or in some cases their position lasts for a year. This is not the type of trader that you see on social media. These types of traders control millions (or even billions) of dollars under their management. Rarely a retail trader. Their goal is different to the retail trader although they also need to make gains on their capital.


                  The purpose
                  Each trader has a different purpose and that is why they choose the trading style that suits them the best. Scalpers for example, they don’t like to expose their fund to the market for too long. Or maybe they just don’t have the time to monitor the trade all day long. That is why they are comfortable with just a few pips profit per trade. However, professional scalpers can have tens of positions in just one trading session due to this quick style. Those who trade with millions and billions of dollars usually have a different goal such as maintaining their wealth or hedging their risk. This kind of trader have clients who don’t really demand weekly or monthly profit to pay for their bills or even for other reasons. What they care about is having someone to manage their wealth.


                  What is the best then?
                  The best one is for sure the one that suits you. When you are just starting out in this business you might want to taste your profit immediately or periodically just to make sure that the business is real and the profit is something that you can use in your real life. As you grow your trading account you might want to split between short term and long term where the money from the short term trading will be used for your life and money in the long term will be used for compounding. This way, you will get the best of both worlds.

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                  You only need to read THIS ARTICLE to make money from forex trading,

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                  • #10 Collapse

                    Long term trading is the trading in which a trader hold a position for an extend the period of time.I think long term trading is the best option to get a profit and become a traditional trader.Every trader has its own abilities to do the trading but i prefer the long term trading,because long term trading has help to achieve the more befit. Intraday trading has its own ability they also make a source of the profit but the long term trading gives more experience because when we trade one time and then off for some days our mind change with the passage of time and when we again start the trading we have lost some skills but in the long term trading we trade everyday and keep in touch with the market so,get more profit.In simple words i say that long term trading is essential to get success but,the short term trading is the earning of money at the risk.
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                    • #11 Collapse

                      Originally posted by azam786 View Post
                      Every trader has his own trading abilities and has his own trading style I like to do long time trading because the long term trading has so many advantages I want to ask from all of you that which trading style you like please give your precious replies
                      Just only theadvantage of the intraday trading is that which use the lot size and also the high leverage this trading is like the scalping and also the scalp become the millionaire in the short-term because high risk is a chance to become a good millionaire so that's why I think if the market come into our fever then the scalper trading prove for us and successful tradeThe scalping trading method is carried out by a group of traders referred to as the scalpers. They trade the shortest time frame in the forex market. They can open and close a position for as short as few seconds to minutes and to few hours. This trading technique bis fast paced and it has a high level of risk in the market. High level of logic and good forex knowledge is required to succeed as a scalper., this type of trading means that a trader will encounter so many risks, that will eventually arise as a result of daily price movement and volatility. In other words, this type of trading is more riskier and beneficial at the same time. Most traders who do intraday trading are allowed the liberty to open so many trades within their trading duration.the trading duration is 1x24 hours where every transaction opened must be closed on the same day, not more and not to be reduced or added to by swaps. That's why this trading style is perfect for traders who want to get the job done and start a new trade the next day with a new idea.

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                      • #12 Collapse

                        Long term trading and intraday trading
                        .

                        Intraday trading can be a very good way to trade and So is long term trading, but there are several factors that can contribute to success in both style of trading.
                        It's really difficult to choose one over another because intraday trading has its advantage and likewise long term trading.

                        Before we dive into the pros and cons of intraday and long term trading let's look at some factors that can influence a trader choice.

                        • Trading strategy

                        When you develop a trading strategy meant for intraday, it may not be applicable for long term trading.

                        • SIZE of Trading capital

                        Traders with smaller size capital tend to prefer intraday methods of trading than long term trading because they tend to earn a quick profit as possible, while big investors focus more on the long term opportunities.

                        • Level of disciple and patience

                        Long term trading seems to require high-level discipline and Ofcourse patience to hold on to trade for a long time, like me I seem to lack this.

                        Advantage of long term trading
                        • There is less stress when trading longterm, you don't have to stay in front of your pc all day long.
                        • Traders get a chance to earn more numbers of pips per trade than intraday trading.
                        • There is more time to analyze the market when opening other trades
                        .

                        Disadvantages of long term trading
                        • When a trader eventually loses a trade, it's usually more disappointing, because of the invested time used for monitoring the position.


                        Advantage of intraday trading.
                        • Traders don't hold on to trade for a long (max 24hrs) term, so you get to move on from loss quickly.
                        • More profit is likely to be earned when the market seems volatile.


                        The disadvantage of intraday trading
                        • Intraday attract more loss due to overtrading
                        • Traders have lesser time to analyze the market

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                        • #13 Collapse

                          When it comes to investing in stock markets in India, there are numerous paths one can take. Long term investing in stocks is one of the best ways to invest in creating wealth.

                          Intraday traders try to time the market and catch the highs and lows. While they might taste some success in their initial trades, in the long run, the disadvantages of intraday trading far outnumber its benefits by a huge margin. On the other hand, long term investment in stocks offers countless advantages that intraday traders simply can't take advantage of. Here are a few reasons why long term investing in stocks is much better than intraday trading.

                          Long term investment in stocks does not involve emotional investing decisions
                          Long term investing in stocks completely does away with emotions in investing. This is because when you have a clear long term investment mindset, you will not be excited to sell stocks when you see a jump of 10% or even panic and exit when markets are crashing due to some international issues like Brexit or rising oil prices for example. By remaining invested in long term you are simply giving enough time to the business to grow and realize its actual potential because no business can grow overnight.

                          Compounding works in your favour with long term investing in stocks
                          Long term investing in stocks enables you to take advantage of compounding as well the ability to reinvest your dividends over time which will enable you to generate even bigger profits. When you invest for long term, time is your greatest benefactor.

                          Most stock market investors must have read about the enormous wealth created by long term investment in stocks of technology giants, Infosys and Wipro. However, there are plenty of other stocks too in the market which have created substantial wealth for long term shareholders.

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                            Forex trading gives us the flexibility to adopt any strategy. We can hold any position for a long time or we can exit from the position within a few minutes. There are no restrictions at all so a trader can either go for Intraday trading or long-term trading.

                            Both types of trading have their own significance. A trader can adopt any strategy which proves to be good to bring profit. The Intraday traders often trade for small profits and it lasted anywhere from a few minutes to one day. Sometimes an Intraday trade may last for more than one day to a week's time.

                            However, the long-term trader keeps their positions open for several days or even for weeks and book profit at good positive pips. Their profit target is huge and it can be anywhere from a hundred pips to several hundred pips. A long term trader won't get affected by small ups and downs. They always wait patiently for a long time and able to get the desired profit.

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                            Is Intraday trading profitable?

                            Most traders want to engage in Intraday trading to make a profit. The forex market is liquid and we can do instant execution of orders. The good thing is that we can trade in both directions in the forex market. If the market goes down we can make a sell order and make a profit. On the other hand, if the market goes upward the direction we can do buy order to make a profit.

                            Those who want to trade in every up and down it is good to do Intraday trading. Here the profitable size may be less compared to long-term trade but this could be accumulated more and more with every single trade. If a trader follows proper money management then Intraday trading can be profitable.

                            Why traders do Intraday trading?

                            The forex market is liquid and we can get a lot of movement. Also, the forex market won't move in a single direction. We can get a lot of ups and downs. Intraday traders try to grab those small ups and downs and make a profit. They won't keep their positions for a long time and thus they are called a small-term trader.
                            The benefits of doing Intraday trading are that the trader can get a lot of trading opportunities. Because their target is small ranging from few pips to 100 pips. They can easily achieve such a small target and thus they earn good money. Small retail traders also trade with short term goals. Their main motive is to grab the small opportunity and to accumulate more profit.

                            Advantages of Intraday trading
                            • By doing Intraday trade one can book quick profit and it lasts for only a few minutes to a daytime.
                            • There is no stress involved in Intraday trading because a trader can easily take decisions when and how to trade.
                            • An Intraday trader can take more opportunities in the market and thus there are a lot of chances that he or she would make more money.
                            • Because no trading position floats for long due to a small target or small stop loss, a trader can relax and take another chance of trading.
                            • In Intraday trading, a trader can accumulate more money by doing different trades, and thus account balance grows with time.
                            • Intraday trader won't like to keep positions open during the weekend and thus gap opening during Monday won't affect the trader.
                            • An Intraday trader can apply different strategies in different trades and thus able to gain more experience in a small span of time.
                            • A trader can able to restrict himself/herself from trading during a flat market.
                            • A trader can do trade only in a good opportunity if he or she does Intraday trading.


                            Disadvantages of Intraday trading
                            • A trader can make only a small profit with Intraday trading because of the minimum take profit level.
                            • A trader has to monitor the market all the time to trade. So he or she has to spend more time in front of the PC.
                            • There is a chance of over-trading if a trader always tries to trade because Intraday traders always try to take a good opportunity in every up and down.
                            • If a trader does not apply proper money management then Intraday trading may turn into a disaster. An Intraday trader usually does the trade for more often and due to lack of proper money management the whole account might fall into the low margin.
                            • A trader has to do more trades to make good profit in Intraday trading. Sometimes this won't help a trader to stick with the strategy and go for high-risk trades.
                            • Because an Intraday trader exits too quickly, he or she may lose a big chance of having good profit. He or she may miss the opportunity to make a good profit from a single trade.


                            Is long term trading profitable?

                            A long term trading may turn out to be good if a trader enters into the correct level. Generally, a long-term trader keeps positions for several days and it lasts for a couple of weeks. If the trader is a trend follower then he or she can grab very good profit from a single trade only.

                            Sometimes we can see that most of the currency pairs or any forex instrument go into one direction. After a few weeks it reaches 400 to 500 pips and even in some cases reaches 1000 pips. Those who are a long-term trader can grab those thousands of pips with a single shot. Without risking much they can easily grab that much of profits.
                            Long-term trader always keeps the position with a long term goal. They do not want profit in short term. That's why they keep their position for the long term. They are actually investing their money and it is very different from Intraday trading. They are masters of long-term trading.

                            Long-term trading is definitely profitable if a trader able to ride in a good trend. Usually, a trader goes for strong support and a strong resistance area to grab a good opportunity to open a buy or sell order. Once they make a good position in a particular currency pair they can relax and wait patiently for the position to reach take profit level.

                            A long-term trader always makes a good profit and thus their account balance is always filled with good equity. They won't withdraw profit all the time. Only once in a while, they withdraw profit and that is also a good amount. If a trader wants to make a lot of money without any stressful environment then long-term trading is a good option.

                            Advantages of long term trading
                            • A trader won't need to sit all the time in front of the PC in order to execute trades.
                            • A long term trader earns a good profit because of long term goals. This definitely helps them to increase their account balance.
                            • A trader won't go for many trades at a time. So there are very fewer chances of big drawdown in the equity.
                            • Long term trading is suitable for those who want to do forex trading as part-time work. A student, working person, housewife, etc., can adopt a long-term trading option.
                            • Long term trading can be treated as an investment because it can give a trader a better return once it reaches the take profit level.
                            • There are very few chances of the stop-loss hit in long-term trades because a trader only trades in a strong trend and the distance of stop loss level is also big.


                            Disadvantages of long term trading
                            • To do long-term trading a trader must ready to wait for more time to get the desired profit. Sometimes traders won't have that much patience.
                            • Only in a strong trend, a trader has to enter for long-term goals. Sometimes it is not easy to find a strong trend which could go into a single direction i.e. also for a couple of days or weeks.
                            • If a trader faces a stop loss hit then he or she might lose a big amount because of long-distance.
                            • A trader has to hold positions for a long time including during weekends' time. Thus, he or she has to face a gap opening on Mondays.
                            • A trader can't avoid high impact news because a trader has to hold positions for several days and weeks. This may cause some losses too, or change in direction.
                            • A trader has to hold positions even it floats in positive pips for a long time because of long-term goals.
                            • Similarly, a trader can hold positions in the floating loss for more than a couple of days or weeks because it is a part of a long term trading system.


                            Conclusion: Intraday and long term both are good and adopted by different traders. If a trader has a lot of time to do trading then he or she can adopt Intraday trading. On the other hand, if a trader has no time to trade then he or she can do long-term trading. Monitoring the chart all the time might not be possible for many traders, in such a situation he or she can do Intraday trading.

                            Forex trading is volatile in nature and it is liquid 24 hours a day and 5 days a week. A trader can do trading at any time and adopt any good strategy. There is no hard and fast rule that we must adopt certain strategies and avoid others. Nobody has the perfect formula to achieve success. Only our personal experience would work for our trades to bring good profit.

                            If a trader is not able to get the desired profit by adopting Intraday trading. This doesn't mean he or she should go for long term trading. No matter which strategy a trader adopts if he or she don't practice well then it won't provide good result. So a trader must practice well beforehand, only after getting the good results he or she should go for real trading.

                            Many traders go for Intraday trading because they find it the most profitable. This might be true and that's why we often see day traders are more active all the time. But we should also try to remember that a very small percentage of traders are successful in the forex trading profession. This might be due to small goals, overtrading, trying to grab every opportunity which can be seen in Intraday trading.

                            An Intraday trader can do trades more often and on a daily basis. These traders are also called a day trader. On the other hand, long-term traders do not trade all the time. They are called the positioned traders and keep their position open until it gives good profits.

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