Why choose LONG-TERM TRADING? - page 54.

FiveReelsTwo

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Quote from: cryptoman1ac on May 08, 2018, 01:21:20 AM

Long term trading may take weeks, months or even a year or so. You may call it as "long-term holding" or simply "holding".

Long-term trading is good for those who:

want to invest
works at least 8 hours a day

Long term trading is no hazard to do, You just leave your money on your wallet and wait for the right time to soar up and withdraw, This is the most efficient method to earn good income:) Short term will give you headache facing your pc or laptop, and its quiet risky because the fluctuations are unpredictable...

Nerman

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Actually long term trading/ holding is good for people who does not know how to trade.

Just like investing they can just sell it when they think the profit is enough.

Also with this strategy you do not need to worry about price dips/crash because history shows that Bitcoin/stable coins will rise in the future.

cryptoman1ac

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Powered by Artificial Intelligence & Human Experts

Trading is indeed difficult to do.

Long term trading may take weeks, months or even a year or so. You may call it as "long-term holding" or simply "holding".

Long-term trading is good for those who:

want to invest
has a job that requires at least 8 hours a day
want to earn extra income
non professional traders or beginners

But of course you will have to consider these things before investing:

invest money that does not limit your ability to meet other financial needs
should be willing to lose some
higher investment, more risky and higher potential of loses and/or rewards

These are the benefits of long-term trading according Anne Chapman (2015):

You are not required to find new opportunities every time. Just hold on the coins you believe has a potential. Do not bother yourself with other cryptocurrency focus on your work and family.
You have more time to plan and study the charts for analysis of trend
You only need to employ simple techniques.

   First, identify major areas of support/resistance (does a trend have room to develop?

   Second, look for chart/candlestick patterns (do they reinforce a trend continuation?)

   Finally, look for a logical and high probability point of entry and manage the trade

You will experience less stress since you do not have to monitor the charts, price, trend etc. every time.
You only have to work less. Check your coin in a month or weekly basis, etc

Thank you.

A more detailed explanation can be read here at: http://thedynamictrader.com/advantages-of-long-term-trading/[/list]

Topic: Why choose LONG-TERM TRADING? - page 54. (Read 8479 times)