1, patience, long-term traders need patience more than short-term traders, and long-term positions are unbearable for many investors, especially when they see fluctuations in the foreign exchange market, short-term investors can immediately close their positions, while long-term investors need to wait patiently.
2. Take the way of low leverage+light warehouse trading. 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. 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. Then there is a light warehouse transaction, with 1% account funds for trading.
3. Reserve sufficient funds. In long-term foreign exchange transactions, the amount of funds is also a very important part. Long-term low leverage requires investors to invest the same amount of money they want.