For what duration should one keep a position?

<p id="isPasted">When to close a position is one of the biggest challenges of forex trading for beginners. It's tempting to believe your open position will keep rising in value forever when it keeps rising. And when prices take a turn for the worse, pride and ego are often telling you to hold on and wait for things to improve.</p><p>Timing is everything, though. Holding open positions for too long usually eats away at your profits. Generally, how long you should hold an open position is dictated, at least in part, by the type of trade you are trying to win. It's always important to stick to your guns when it comes to allowing a strategy to work when it comes to turning a profit on forex price movements.</p>

<p>Ideally, an investor should hold a short position as long as the investment is profitable and profits are expected to increase.</p>

<p id="isPasted">Do exactly what your trading plan says whether that is holding trades for a long time or trading frequently. As long as you have a trading plan, that advice will serve you well, but if you're just starting out, it won't help.</p><p>Ideally, an investor should hold a short position for as long as the investment is profitable and profits are expected to increase.</p>

<p>There is no single answer to this question, as the duration of a forex trade will depend on a variety of factors, including the trader's investment goals, risk tolerance, and market conditions. Some traders may keep a trade open for a few minutes or hours, while others may hold a trade for several days or even weeks. Ultimately, the duration of a forex trade will depend on the specific strategy and goals of the trader. It is important for traders to carefully consider their investment objectives and risk tolerance before making any trades.</p>

<p id="isPasted">The duration for which one should keep a position in trading depends on various factors, including the trading strategy, market conditions, and individual risk tolerance. Here are some general guidelines:</p><ol><li>Day Trading: Day traders typically open and close their positions within a single trading day, aiming to profit from small price movements in the market.</li><li>Swing Trading: Swing traders hold their positions for several days to several weeks, aiming to profit from medium-term price movements.</li><li>Position Trading: Position traders hold their positions for several weeks to several months, aiming to profit from long-term price movements.</li><li>Buy-and-Hold Investing: Buy-and-hold investors hold their positions for several years or even decades, aiming to profit from the long-term growth potential of the investment.</li></ol><p><br></p><p>Ultimately, the decision of how long to hold a position should be based on the trader's strategy, goals, and risk tolerance. It's important to have a clear plan and exit strategy in place to minimize potential losses and maximize profits.</p>