Short-term and long-term trading are two approaches in the forex industry. Short-term trading involves taking advantage of small price fluctuations, typically holding positions for minutes to hours. It requires active monitoring and quick decision-making. Long-term trading focuses on larger market trends, holding positions for days to months. It requires patience and a broader perspective. Both approaches have pros and cons. Short-term trading offers more frequent trading opportunities but requires skill and discipline. Long-term trading may be less stressful but requires endurance. Choose the approach that aligns with your goals, risk tolerance, and available time.