What will be better Short or long trade?

[Tradevern]

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]

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]

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

 

[NatureGirl]

Absolutely

Rnt U married bro?

 

[fargana]

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.

 

[Milo_fx]

It really depends on the market conditions and one's strategy. If the trend is clear and strong, long trades might work well, while short trades are better in a downtrend or bearish market. Personally, I assess the trend, use stop-loss, and stick to my plan, whether going long or short.

 

[NoShowBrooks]

It really depends on the market conditions and one's strategy. If the trend is clear and strong, long trades might work well, while short trades are better in a downtrend or bearish market. Personally, I assess the trend, use stop-loss, and stick to my plan, whether going long or short.

Totally agreed!

 

[David79]

It really depends on the market conditions and one's strategy. If the trend is clear and strong, long trades might work well, while short trades are better in a downtrend or bearish market. Personally, I assess the trend, use stop-loss, and stick to my plan, whether going long or short.

Does this strategy works for you?

 

[ChelseaR]

It really depends on the market conditions and one's strategy. If the trend is clear and strong, long trades might work well, while short trades are better in a downtrend or bearish market. Personally, I assess the trend, use stop-loss, and stick to my plan, whether going long or short.

Out of curiosity, do you have a favourite setup or pair that has worked best for you in the strong trends?

 

[Drew95]

It really depends on the market conditions and one's strategy. If the trend is clear and strong, long trades might work well, while short trades are better in a downtrend or bearish market. Personally, I assess the trend, use stop-loss, and stick to my plan, whether going long or short.

I completely agree. It is about sticking to the plan. How do you decide between going long or short?