What exactly is Swing Trading ?
Swing trading is a method/style of trading that is employed to capture gains in a Forex (or any financial instrument for that matter) over a period of a few hours, days to several weeks. It must be noted that Professional Swing traders primarily do use technical analysis to look and justify trading opportunities.
What do Forex Swing Traders Look For?
Forex Swing traders looks to capitalize on the upward and downward “swings” in the price of a Forex Currency Pair , Commodity or Forex Instrument. With this method Forex Traders trade to capture small but significant moves within a larger Overall Trend. Forex Swing traders use this method with an aim to make a lot of small wins which do add up significantly if employed wisely.
What are the best technical indicators for Swing Trading ?
To determine best positions of entry Swing Trading ould make use of already existing Oscillator indicators like RSI and Stochastic ; wherein you can analyse the overbought, oversold zones together with hidden and open divergences, even make use of momentum indicators like RSI to gauge the strength of the market and use it to forecast high probability swing zones or inflexion points.
Swing Trading vs. Day Trading – Which is Better?
Interestingly, Swing trading provides for a much larger opportunity to profit than what Day trading can or could offer. With Swing Trading sine your holding period for the trade is much longer than Day trading you as a trader actually have an opportunity to let your profits run a bit. But, this style of trading also needs a lot of patience and the will (as a rock) to manage your trades and not close out trades too early out of fear or any outside factor for that matter.
The Advantages and Disadvantages of Swing Trading
Watch this video and the ones below to understand the various advantages and disadvantages of this style of trading.
Tips and Strategies of Swing Trading, Advantages and Disadvantages
The Reasons Why Swing Trading Is Best For You | What Investing Style?
Swing vs. Day Trading - Which is Better?
You can compare day traders and swing traders to the Ninja Turtles – always fighting the Foot Clan. They are always battling each other, but which one is better
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