Long-term trading requires courage and perseverance.

The endurance of long-term traders' positions is by no means understandable by ordinary investors, nor can ordinary investors bear it. Unswervingly holding the post for a long time, you have to endure the pain that ordinary people can't bear. It can be said that long-term profit is obtained by long-term market torture. Large fluctuations in the market can easily eat up most of the profits of the original position, and the most unbearable thing is that this retreat is often thought to happen. Therefore, before making long-term transactions, investors should first ensure whether they have enough courage and perseverance to withstand the long-term impact brought by the market.

Low leverage+light warehouse transaction

Many traders think that long-term trading is the secret of billionaires, such as Soros or Buffett, because they have a wide stop loss and strong ability to resist market noise. Then, traders need to understand that small leverage is the first rule. Although traders can get a leverage of 400: 1 at most, they don't need such a high leverage in long-term trading. Using the leverage ratio below 10: 1 is enough to make traders hold positions for a longer time and stand the test of daily price fluctuations. The next step is the second step, light warehouse trading. Trade with 1% of the funds in your account. Putting a stop loss of 250-400 points with a small lever allows traders to adopt a risk-return ratio of 1: 10 or even 1: 20.

Adopt a large time frame

Use large time frames-such as weekly or monthly charts. Using this time frame, traders can have a broader vision, grasp the current position of the price, and what kind of trend may evolve in the long run. Traders will find that multi-year highs and multi-year lows can often be used as reversal points of prices.

wait patiently

The next step is to wait patiently and let the market prove its trading strategy. In today's "microwave society", people often pursue short-term satisfaction, and waiting patiently may be the most difficult step. Long-term foreign exchange trading requires traders to carefully analyze the market development trend, and then wait for the market to develop in their expected direction with great patience. If the market trend is consistent with expectations, then traders can end a successful long position and get amazing returns, which is why long positions are desirable.