about long term trading pros and cons. If you think there is a good chance the currency will move in line with your forecast, you can begin your long - term Forex trading strategy by opening a USD pair position that reflects your prediction. Therefore, if youre nobodys fool, you will want to use a strategy that keeps you focused on making long - term profits and that means you will have to go for and expect smaller gains and a gradual building of your wealth. To speculate on those moves, one needs a strategy. If you want to be conservative, pick a" where you think the second currency will have the highest amount of stability. Thats all that. As a result, traders who use this approach require thorough preparation and substantial knowledge before using. Next, the b-d trend line is in focus. Traders enter on the 2-4 trend line break. Thats the finest example of long term trading using a pattern recognition approach.
Depending on the currencies involved and the direction of the trade, you may be paying a little bit of interest or earning a little bit of interest. Next, place the stop at the highs/lows (depending on the wedge and set the take profit. When applying long - term Forex trading, traders buy based on expectations, and sell based on facts. They check the monthly, weekly and daily charts. Such triangles appear on all time frames. Return Ratio Keep in mind that even with the best strategy, you may not reach your profit target. And enjoy the ride, until long term factors change. It quickly slashed rates to zero.