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Old 19-03-2015, 20:01
Join Date: Mar 2014
Posts: 979
Default 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 canít 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 wonít 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 donít mind holding your trades for several days.
  • You are willing to take fewer trades, but more careful to make sure your trades are very good setups.
  • You donít mind having large stop losses.
  • You are patient.
  • You are able to remain calm when trades move against you.

You might NOT want to be a forex swing trader if:
  • You like fast paced, action-packed trading.
  • You are impatient and like to know whether you are right or wrong immediately.
  • You get sweaty and anxious when trades go against you.
  • You canít spend a couple of hours every day to analyze the markets.
  • You canít give up your World of Warcraft raiding sessions.
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Old 24-03-2015, 13:46
Level IV Lasers Member
Join Date: Aug 2014
Posts: 133
Default 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. Itís 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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