Duration in Forex Trading: An Overview of Strategies
The duration of Forex (foreign exchange) trading can vary wildly from one market to the next, ranging from seconds to days and even months. Short-term traders specialize in taking advantage of the fluctuating values of currency pairs over short periods of time, while longer-term traders may prefer to buy and hold positions for weeks or even months at a time. No matter which type of Forex trading you choose to enter into, you should always have a clear understanding of the duration for which you would plan to hold a given position—as well as the implications for your risk management plan.