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.

Forex Trade

 
 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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