How To Hold A Trade For A Long Time

[moonchild]

Many forex traders struggle with holding trades for a long time and they mostly get out when the trend is just even starting and this make them to commit a lot of beginner errors and eventually lose their accounts based on impatience.

You should always trade the charts not your account balance, when taking trades do not put emphasis on your account and how much you're planning to make because it's a recipe for failure, you should basically trade what you see, if you've defined your risk and you get a good entry, do not worry a lot, yes you'll feel impatient and tense, remember that you're not the only one and the market only rewards what's hard, if it's easy everyone will do it and become billionaires.

 

[FinTrader]

To follow a trend for a long time, you need to trade on the appropriate timeframe. When you analyze the situation on the H4 timeframe and above, you see the potential for price movement and where the trend is directed. But such trading requires a lot of endurance and discipline, and not every trader can boast of this. That's why many people trade on small time frames intraday.