Swing trading entail riding the short term and medium term trends in the market as long as they last. Most of these short term and medium term trends last from a few days to a few weeks. As a swing trader, what you look for is the right moment to enter into a trend and ride it as long as possible getting out just before a reversal takes place.
Swing trading is a much better approach to trade the Forex market as compared to day trading. In day trading, you enter into a trade and close it before the end of the day in an attempt to profit from the volatility in the market. This is done mostly in the shape of scalping.
But as a swing trader, you don’t need to stay glued to your computer monitor. You can trade at the end of the day. Open the charts, look for a currency pair that is providing a high probability trade setup, enter into a trade, place a stop loss and that’s it.
Next day, you again check the trade and move the stop loss in accordance with the new market conditions. The best swing trading method is to look for short term trends that lasts from a few days to a few weeks. If you can spot these short term trends at the right moment when it has just started and ride them till the end getting out just before the trend reverses, you can make a lot of money in the Forex market.
In swing trading, the quality of trade is more important than the quantity of trades. You should be able to read the charts and predict the trend changes accurately. You can learn the art of swing trading with some practice. There are many people who have regular jobs but love to swing trade at the end of the day.
The beauty of the Forex market lies in the fact that it is a 24 hour market. You can choose the time that best suits you. If you have a regular job, you can trade at the end of the day. Just looking at the charts for a few minutes will be enough for you to spot a high probability trade setup. You can learn to do it with some practice. The best approach will be to look for a swing trading method that has been proven and tested and then practice it on your demo account. Once you master it on your demo account, you can start trading live with it.
But always remember, the best swing trading method is one that does not take more than 30-60 minutes each day to trade. Choose that swing trading method that best suits your needs and requirements and is easy to trade. Good Luck!
Source by Ahmad A Hassam www.positivestocks.com
Swing trading entail riding the short term and medium term trends in the market as long as they last. Most of these short term and medium term trends last from a few days to a few weeks. As a swing trader, what you look for is the right moment to enter into a trend and ride it as long as possible getting out just before a reversal takes place.
Swing trading is a much better approach to trade the Forex market as compared to day trading. In day trading, you enter into a trade and close it before the end of the day in an attempt to profit from the volatility in the market. This is done mostly in the shape of scalping.
But as a swing trader, you don’t need to stay glued to your computer monitor. You can trade at the end of the day. Open the charts, look for a currency pair that is providing a high probability trade setup, enter into a trade, place a stop loss and that’s it.
Next day, you again check the trade and move the stop loss in accordance with the new market conditions. The best swing trading method is to look for short term trends that lasts from a few days to a few weeks. If you can spot these short term trends at the right moment when it has just started and ride them till the end getting out just before the trend reverses, you can make a lot of money in the Forex market.
In swing trading, the quality of trade is more important than the quantity of trades. You should be able to read the charts and predict the trend changes accurately. You can learn the art of swing trading with some practice. There are many people who have regular jobs but love to swing trade at the end of the day.
The beauty of the Forex market lies in the fact that it is a 24 hour market. You can choose the time that best suits you. If you have a regular job, you can trade at the end of the day. Just looking at the charts for a few minutes will be enough for you to spot a high probability trade setup. You can learn to do it with some practice. The best approach will be to look for a swing trading method that has been proven and tested and then practice it on your demo account. Once you master it on your demo account, you can start trading live with it.
But always remember, the best swing trading method is one that does not take more than 30-60 minutes each day to trade. Choose that swing trading method that best suits your needs and requirements and is easy to trade. Good Luck!
Source by Ahmad A Hassam www.positivestocks.com
