Hello all,
Been a by and hold long term investor for many years now. Looking to gain some better knowledge and understanding in regards to forex and the working nature of trading it.
You’ll soon find FX trading is a whole new ball game, but to suit your style of buy and hold, there are excellent strategies you could follow:
For example, a ‘Swing’ trader opens a trade and may carry it over for a few days or more using the Daily time frame as their entry and exit. Usually, their simpliest strategy would be to follow a long trend, rather than trade the ups and downs - which is best left to experienced traders.
This site is well equipped to show you how, whatever you choose. I would also suggest you take a look at Trader Nick live podcasts on Youtube, who is the genuine article.
Learning to meet volatile uncertainty every day when trading. Loosing and gaining till comes understanding that trading is more about process itself than profits. Interesting, what investments are you into?
I look for under valued or emerging companies in different resource sectors. If there is one i know particularly well and see potential i jump at it. Also a fan of buy and hold with ETF’s no exciting at all, very boring but relatively safe over all
As a new trader, you can visit the educational section.