The example of Warren Buffet's currency chows that it is possible for a trader to deal with Foreign exchange market and Forex trading strategies for the long term. The fact is that most traders , foreign exchange traders , especially beginners in the world of Forex trading on the short term, day trading. Forex positions are often more than a couple hours but kept open , with price targets ranging from a few pips to 40 - 50 pips. This can certainly be a very lucrative way of trading Forex are, depending on the strategies that work and Forex trading system of the traders.
Generally , Forex online trading lends itself particularly good for short term trading, because the forex market is so illiquid. It means that a experience trader more entry points for his set ups than be would have on the Forex market. Many traders focus on the short term and use 5 minutes time frame chart, or 15 and 30 minutes time frame chart in order to jump on intraday trends and ranges of foreign exchange pairs.
But there are traders who attracted by the high returns and the ability to laverage it to profit from the Foreign exchange market, but also not too want to be active. For them a currency pair like EURUSD is more of a share, but on where the long term trend is up but never alone.
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