Quote:
Originally Posted by agent0711
Hi
been looking around everywhere like babypips, I can't understand what is the difference of swing trader and day trader?
And what is swing high and swing low in chart? Maybe give me an example in charts. Thanks!
edit.
and also, how to backtest systems? manually or is there some sort of simulator out there.
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A day trader is typically defined as someone who closes out all positions at the end of every trading day. Swing trader would be someone who holds trades for 2 days to 2 weeks.
I'll cover back testing next week in my trading article on this forum. Be on the lookout.