protox

They failed because they are not learning and jump immediately into a trading. Without practicing with demo account. Without controlling their emotion, psychology and greed. Treating forex like another gambling machine.

Not all trader can do long term trading. And not all trader want to trade long term. So, it is depend on the trader itself. But for the newbie, I suggest to trade short term As he/she still in the progress and in learning process. If you can trade and minimize the lost, It is up to you to trade short or long term.