Trade Forex for the Long Term
October 27, 2005 by Trader Rich
The longer I trade, the more I realize that trading is best if done intermediate or long-term. Let me site an example. Back a couple of weeks ago, I posted that I was finally taking my losses on a trade like a man.
I lost 310 pips on this trade and only stuck with it for 2-3 days. The price of the GBP/USD today is 1.7844. So if I had held on to that trade, I would be up 43 pips today.
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