What is the difference between short-term and long-term foreign exchange transactions?

The difference between short-term and long-term foreign exchange transactions;

1, the difference of trading position length. Long-term trading refers to the trading with a holding period of more than one trading day, while short-term trading refers to the closing of positions within one day, both of which are just a matter of market length.

2. Differences in transaction frequency. Short-term traders can trade many times in a day, while long-term traders may only trade once a day or a few days.

3, the difference between trading technology or strategy. Short-term trading pays attention to "following the trend". Every time you meet AG, you will be higher, fast-forward and fast-out, chasing up and killing down to earn the difference. The key of this method is to set up a stop-loss winning point. Once you make a mistake, you must resolutely leave, don't love fighting, and avoid losses. Long-term operation pays attention to "reverse thinking", intervening on dips and quitting on rallies. It doesn't need investors' extra time, and it doesn't need much market analysis. What is needed is that investors should have enough confidence and patience.