Swing Trading
Swing trading is a longer term trading style that requires patience to hold your trades for several days at a time.
It is ideal for those who can’t monitor their charts throughout the day but can dedicate a couple of hours analyzing the market every night. This is probably best suited for those who have full-time jobs or school, but have enough free time to stay up-to-date with what is going on in the global economies. Forex swing trading attempts to identify medium term trends and enter only when there seems to be a high probability of winning. Because trades last much longer than one day, larger stop losses are required to weather volatility, and a forex trader must adapt that to their money management plan. You will most likely see trades go against you during the holding time since there can be many fluctuations of the price during the shorter time frames. It is important that you are able to remain calm during these times and trust in your analysis. Since trades usually have larger targets, spreads won’t have as much of an impact to your overall profits. As a result, trading pairs with larger spreads and lower liquidity is acceptable. You might want to be a forex swing trader if:
You might NOT want to be a forex swing trader if:
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Re: Swing Trading
Yes, I like swing trading is trending condition of market. But, in ranging condition in Forex I prefer to use my scalping trading style. Actually, I am interested any kind if trading style. It’s depends on market condition. Though, there have no restriction from my helpful trading platform TradingBanks. So, I can use any trading style. Interestingly, this ECN broker also supports trading EA and any strategy.
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