Both long-term and short-term strategies are based on personal preference, personal circumstances and market trends. Next, I will explain in detail the pros and cons of long-term and short-term strategies.
Advantages of long-term investing:
1. Stability: Long-term investment focuses on "laying out the line to catch big fish", which is not so affected by short-term market fluctuations. You choose an investment with potential, and then wait for it to appreciate steadily. A phrase often heard is, buy it and wait for the wind to come!
2. Less hassle: Long-term investment does not require you to keep an eye on market trends every day, which is relatively less hassle. You can have more time and energy to do other things.
Disadvantages of long-term investing:
1. Capital occupation: Long-term investment means that your funds will be occupied for a long time. If you need to withdraw funds at any time, if the currency price drops a little at that time, you will feel a little sad. If it rises, you will be a little reluctant.
2. High requirements for currency selection: To succeed in long-term investment, you must have the foresight to choose those currencies that are truly worth holding for a long time. This is not something that can be done by just buying them randomly.
Advantages of short-term investing:
1. Flexibility: Short-term investing is like guerrilla warfare, strike quickly, make money and run. When you see an opportunity in the market, you can act quickly to make short-term profits.
2. Excitement: Short-term investment requires you to have a keen insight into the market and make decisions quickly. This investment strategy is challenging and exciting.
Disadvantages of short-term investing:
1. High risk: The market may fluctuate greatly in the short term, and the money earned today may be lost tomorrow. Short-term investment requires you to bear higher risks.
2. Time-consuming and laborious: Short-term investment requires you to pay attention to market dynamics and adjust investment strategies in a timely manner. This requires investors to have high psychological quality and professional knowledge.
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