Last update 2020.10.19
In the forex market, following the tradition of the stock market, traders buying in a rising market (long position) are associated with bulls. Conversely, traders selling into a falling market (short position) are associated with bears. So, what is your favorite forex style: bullish or bearish?
Trade direction is only part of any professional’s trading psychology and is often use it to maximize results. Both bullish and bearish strategies can be viable forms of investment, depending on the trading objectives, with advantages and characteristics that can fit different personalities.
Understanding these positions is important when creating a diversified investment portfolio.
Long-term investing means that you perform trades that usually take months or years, while short-term trades can take place on a trading day, with trades that last from a few minutes to a few hours. In the case of long-term trading, your orders are kept from days to weeks.
These time-horizons are ideal for different investment goals, trading skills, and personal financial traits.
Bulls make money
Long-term investing requires the psychology of buying and holding. In such cases, long term investors are less demanding and stressful because they do not have to worry about day-to-day volatility but focus only on the future price.
However, not everything is fun; these types of trades can also result in unrealized losses while waiting for the future date to arrive, depending on your time-horizon. Having deep knowledge of the underlying market including fundamental and technical indicators with forex is key for long-term investing.
Trading in this way also means that you invest more money in fewer trades, can reduce risk, and focus more on longer-term benefits.
Bears make money
In the case of choosing a short-term forex trading style, you will have more opportunities to analyze that up your time, including tracking data, analysis, graphs, and reading market news. These factors can affect forex market prices, including the sudden drops which are how bears make money, by selling into a falling market.
In addition, being aware of spreads is also important, as we are dealing with a decrease in the market price, so the trading costs matter too.
Emotional discipline in forex trading is a key point to negotiate because it makes you more focused and rational. Following a strategic strategy involves conducting the opening and exit of a trading position. In other words, it is not enough to know when to enter the market, you must have an exit plan too.
Above all, emotions often cause traders to deviate from their trading system plan is one of the principal reasons why traders lose money. How to lose is part of the game, and even good trading systems end up having bad times. The key is to keep your average losses smaller than your average gains.
An example to make you understand
If you believe that some forex pair has a potential room to rise, such as the symbol GBP/USD after Brexit started on Friday (01/31/2020), you would consider a long (bullish) position. A long position would benefit from a rise higher in the price of the GBP/USD, while a move down in price would produce a loss for a trader that bought the pair.
During the time that you have a long position in the market, you can also use some short positions to protect your investment in turbulent movements. It can generate complementary gains in a short time, even if it is of lesser quantity. This offsetting trade is known as a hedge trade or partial-hedge trade.
Therefore, you can take a long position to make a profit in a broad market movement and use small short positions to gain when your long trade loses.
A strategy that works at both moments in forex trading
Here at Wiseinvest.ai, we help you with both long and short strategies and you do not have to spend all day looking at the charts because our AI already does it for you. We help remove emotional bias and work without interruption 24 hours a day, five days a week.
For instance, our AI trading system can invest automated in your broker account. You also have the option of AI signals by which it can use to trade in any forex brokerage. In both cases, the average annual return of 38.21%, for four consecutive years. Our strategies evolve with information going back almost 14 years.
We also do your position size calculations to minimize the risk of your investment, no matter if it is short or long.
Artificial intelligence supporting bulls and bears in forex
If you want to start investing in forex like a professional, but do not have time to do all the training, you can subscribe to Wiseinvest financial content and use the AI to trade automated or receive Wise forex signals to copy and paste into your forex brokerage account.
Artificial intelligence does not suffer from mood swings, so it is more reliable than humans are. We also have a professional team of forex economists, engineers, and traders to improve our strategies over time.
The best way to trade forex with AI
Whether you are a beginner or a professional, you can improve your forex trading performance with our AI in simple steps. Check it out below:
By trading forex automated with AI, you will save time and improve your performance without monitoring the market and managing trading platforms.
With Automated AI trading you do not need MT4 / MT5 and other trading platforms to invest in forex. All forex trades are automatically placed into your broker account every time that our AI system identifies a new worthy trading opportunity. You can monitor the AI trading performance in real-time directly on our dashboard.
Automated AI trading benefits
- Setup in 3 minutes.
- Totally hands-off, from anywhere.
- Invest from just $1.
- APY of 40% over the past 13 years*.
- Lightning-fast execution & no slippage.
- No commissions, no management fees.
- Portfolio with 40 different automatic strategies.
- No MT4/MT5 or other platforms required.
- Test with a risk-free practice account.
- Trading results directly on our dashboard.
Don’t you have a broker account yet? Our AI is integrated to trade automated with the broker Oanda. Click here to open an account.
Trading manually with AI forex signals
Wiseinvest also provides AI forex signals that perfectly fit into MT4, MT5, and any trading platform. To trade with our AI forex signals, you must simply copy the data you receive from each real-time signal into any forex brokerage account of your choice.
There are five unique variables for each AI signal, and each must be copied exactly, to match the performance of the signal as close as possible.
Each AI forex signal alert consists of the following five data points:
- Symbol (forex pair)
- Direction (long or short)
- Position size (number of units or lots)
- Take profit (price level to exit with maximum gain)
- Stop loss (price level to exit with maximum loss)
Check out how to trade with our AI forex signals.
- Subscribe to a Wise-Plan.
- Open a Brokerage account. Check this article about the best forex Brokers.
- Set an amount and a position size on our Wiseinvest dashboard.
- Our AI will send you real-time trading alerts by email and Telegram.
- Copy the signals and paste into your Brokerage account.
All forex signals are sent every time that our AI trading system identifies a new trading opportunity. Our trading strategies are developed on a variety of time frames such as 4 and 8 hours.
Wiseinvest AI forex signals are Market Orders and you do not need the entry price. You can copy each signal while it is available on our dashboard. We do this way to assure that traders will just place signals while they are good to be traded.
You can trade forex with our free forex signals clicking here, or with our Premium subscription that provides you unlimited AI signals and automated AI trading in partner brokers. Whether you are a beginner or a professional forex trader, our AI trading system can help you save time and improve your trading performance. Get started with free AI.
When investing through Wiseinvest automated AI trading or AI forex signals, you do not need to calculate pips and change the leverage in your forex broker account. Learn more about leverage in forex trading by clicking here.
What is the AI performance in forex trading?
The Win Rate of our AI shifts as indicated by the period and can reach up to 95%. The performance depends on the proficient wilderness estimation metric, which implies that our model is beneficial at whatever point the Win Rate is more prominent than 60%. All techniques of our AI Trading framework look for stable returns and adequate outcomes to accomplish a normal return of 40% every year (APY), without the utilization of high influences.
We comprehend that what is important in forex trading is the conclusive outcome. Along these lines, the financial specialist needs to consider that Win Rate isn’t generally the best measurement to gauge execution in forex, as other signals suppliers unveil. For example, out of 100 exchanges, it is conceivable that lone 1 exchange is sufficient misfortune to make the 99 exchanges not productive. For this situation, the Win Rate would be 99%, yet the conclusive outcome would be unfeasible (negative).
We center around the arrival of 40% of APY and not simply on Win Rate.
It is basic to see that forex brokers may charge spreads, commissions, and overnight expenses in your trading account, and these elements can influence the AI execution. You can check our forex trading history to see more about AI Trading execution by clicking here.
How much do I need to trade forex with AI?
You can begin in forex trading with free AI signals or AI Trading records and make a store from only $1 in the brokers. It is likewise conceivable to test utilizing a hazard-free practice account with our AI Trading framework. In any case, to do a proficient hazard the board in genuine records, we recommend you start from at least $100. Notice that some forex brokerages require diverse starting stores to trade forex.
What is the trading strategy of our AI?
Our AI procedure is the mix of various AI Trading, with more than 100 features that characterize 40 distinct techniques which at the same time consider: Quotes of the 28 forex pairs, Supports, and Resistances in various time periods, Trends and Counter-patterns, Cross-markers, Index of each pair, Economic Calendar, Investors Sentiment.
Our AI examines those fundamental, technical, and sentiment factors that influence forex trading, and all models are assessed continuously utilizing various loads. In the wake of finishing the investigation, the decision of the signal emanation technique is made considering the improved probability of momentary benefit and the sum accessible for speculation.
Using technical analysis, our calculation considers not just the examples of different patterns, including backing and obstruction levels and cross-pointers, yet our AI is likewise ready to make its own ongoing record for every money pair, that is utilized to distinguish what is the best course and target.
Comparable to fundamental analysis in forex, the AI makes a connection inside the financial schedule to discover news information that can influence explicit cash sets.
- Long positions focus on ascending markets, known as a bull market.
- Short positions focus on descending markets, known as a bear market.
- No matter what your preference is, you probably will use both bullish and bearish strategies to maximize your returns.
- Wiseinvest AI forex trading system and financial content of Wiseinvest are useful to both kinds of traders.
The best professionals in forex market use the best tools to improve their performance. And You can have the same features and use the A.I. power of Wise-Signals to help you be more successful.
Finally, what is your favorite forex style: Bull or Bear? Did you manage to think about it with the help of Wiseinvest?
Disclaimer: Forex and Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money due to leverage. Forex trading is not suitable for everyone. You should consider whether you understand how forex and CFDs work and whether you can afford to take the high risk of losing your money.
The forex brokerages displayed shall disclaim the overall performance of traders in their platforms. Oanda warns that 76.8% of retail forex traders lose money trading CFDs. XTB warns that 80% of retail forex traders lose money trading CFDs. FXCM warns that 74.74% of retail forex traders lose money trading CFDs.
The performances aforementioned are not related to Wiseinvest AI forex trading and AI forex signals system. You can check the performance of our AI forex system on our dashboard.