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on my opinion short term trading is not better to the long term trading because in long term trading you have a good chance of a profit and you earn a hugh profit.with low balance you avoide to trade as a long term trading because in long term you required a time for sucess.
I'm more of a short term trader doing intraday trading namely and short term time frame means minute to hour time frame with Short term trading could be simple and with little risk in some cases Forex is only a long term job for any businessman long time trading is beautiful but it is made long time but profit is less then short time trading so Gainers are long-term trade but very high Mkhatrtha accordingly long term trading is more profitable than short term trade
And then on the short term trading is also can earn many of the profit that And hold the position of a maximum of week then long term trading is profitable but traders cant make expected profit let alone elay on short term always because my long term is to earn money always after all For the long term it would take 3-7 days for any one position is
That depend on what kind of investment that you have for example if you have 50 dollars for you to make good money that has to be in the longterm trading that when you can make good money forex trading depends on you
Different people have different views and in my viewpoint i would say that Forex trading is a long time business if the trading and the business can be run perfectly and even though if the trading and the market does not run in the way traders wants i would still say it is for long term because the hard works always pays off in times and it is mostly short term for the newbies as they are yet to learn the game of Forex.
All we know is high risk high return. Low risk maybe still gives us high return. But these will need some time until we got some profit that maybe enough for us.
I think the difference of long term trader and short term is their target profit means more pips is equal to big profit in one trade so long term forex trading is best for forex traders namely But if you are satisfied in short profit and you are a new trader you then every trade trade with possibility and as he can do as They need to balance too big So as to be able to pass some of the short waves whic instead of And short time trade is need more time
I'd prefer not to put takeprofit in each entry, I will only shift the position of the stop losses every time I make a profit.
because it allows me to trade in the short term and long term
when prices are trending, we would greatly benefit because it does not put stop losses
but the drawback is that when the price sideways, we can repeatedly hit stoploss
In my viewpoint Forex trading is a long term business or a project for any senior trader because as most of the days passes by the traders can earn more money from Forex then any other business if the trader finds the total interest and understand the forex market well on the daily basis even though most of the beginners come to Forex for a short term profit as it is a gold mind for the people who can understand how it works.
Forex trading is short time and long time, but i think it is very favorite for short business. I also take this trading for my short time job and when possible to invest more money then i will move it for long term trading.