What will be better Short or long trade?

Tradevern

Newbie
Sep 25, 2024
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I'd just say don’t put all your eggs in one basket, Diversify! A long-term approach of 5-10 years is often the sweet spot, but don’t overlook short-term opportunities. Keep an eye on daily and weekly charts as they can reveal valuable insights. Years of hands-on experience have taught me that it’s all about finding a balance that fits your style and risk tolerance.
 

fargana

Active Trader
Nov 14, 2022
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27
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I prefer long trades but in assets other than currencies because their long-term trend is bullish hence being patient and waiting for corrections is one of the key requirements for a trader.
 

ronyahmed90

Trader
Oct 2, 2024
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i don get how people say U should go short or long just based on Ur balance. like in my opinion Ur balance doesn have anythin to do with whether U should go short or long. it totally depends on Ur strategy. tradin without stickin to Ur strategy is super dangerous and if U haven found the best strategy for Urself why would U risk that much money at all?
Absolutely
 

fargana

Active Trader
Nov 14, 2022
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Short-term trading offers quick profits and excitement but comes with higher risk and requires constant monitoring. Long-term trading is less risky, benefits from compounding, and requires patience. Your choice depends on your risk tolerance, financial goals, and time commitment.