Long term trading may take weeks, months or even a year or so. You may call it as "long-term holding" or simply "holding".
Long-term trading is good for those who:
- want to invest
- works at least 8 hours a day
Long term trading is no hazard to do, You just leave your money on your wallet and wait for the right time to soar up and withdraw, This is the most efficient method to earn good income:) Short term will give you headache facing your pc or laptop, and its quiet risky because the fluctuations are unpredictable...
Yeah, it is as simple as not even doing anything at all and only having your portfolio accumulated somewhere you can easily monitor how they are doing. Nevertheless, long term trading is not as easy as some may be putting it as you may still need some knowledge and some who consider themselves long term traders still do better when they know some technical stuff to play some advantage in the market.
The good thing is that you do not need much stress of day to day corrections in the market with long term trading as you target is usually the FOMOs.