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The First Step To Gaining Control

Over Your Financial Future

Building your Nest Egg: Long vs Short-Term Benefits to Trading

Created by PinkForex
News Team

Congratulations! This is your first step to gaining complete control over your financial future and you’re now well on your way to acquiring another source of income.

Your next step is that of identifying your trading style. This depends on the characteristics that make you the unique woman that you are. Are you patient and meticulous? Or maybe, you’re adrenaline-seeking but committed to seeing a challenge though?

In this article, we will examine the difference between short-term and long-term trading. Which one is the perfect fit for you?

Read on to see.

Do you like routine and discipline?

If the answer is yes, then short-term trading might be for you. For this trading strategy to be successful, commitment and consistency are key. Short-term trading is anything but boring though. It can prove to be fast and exciting, perfect for the trader who seeks thrills from her trades.

A short-term trade is defined as anything with a holding period of less than a week. You can hold a position for a few seconds, a couple of minutes, or up to a few days.

While you do not need to be a full-time day trader to be a successful short-term trader, you do need to check your orders regularly.

Keep in mind that we also offer Meta Trader 4 as a mobile platform. It’s available for download for both Android or IOS  and you can easily check your trades in-between work meetings or during a dinner date by accessing our platform from your phone.

Are you patient and resilient?

So, you might be a perfect candidate for long-term trading. In a nutshell, days or even weeks may pass before reaping the rewards from a long-term trade. As a result, this strategy is usually perceived as being safer. However, financial advisors have recently started to debate this and have proven otherwise.

Long-term trading is not just about how long you hold on to a trade. Indeed, how the position is managed throughout the holding period also plays an important role in a successful long-term trade.

Should you choose this type of trading, don’t forget that our Meta Trader 4 has additional features such as scripts, expert advisors, and a VPS function.

Unsure which style is the right fit for you?

PinkForex also offers demo accounts where you can explore all the functions of our trading platform without risking your hard-earned money.

Just like Beyoncé preached – Pay my own fun, oh and I pay my own bills

Are you ready to be financially independent?

Login and start trading!