Swing Trading

Post on: 20 Июнь, 2015 No Comment

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As a swing trader . having a set of tried-and-true swing trading strategies is important. With swing trading you will be entering trades on the upswings and the downswings. And those trades you take can last for one day up to several days and even weeks (and possibly longer if the trade is still working and you are not stopped out).

Swing traders tend to trade the daily charts and some may even get down to the shorter time frame charts to chose a good entry or exit.

Some swing traders will look at the much larger time frames like the monthly and the weekly to see what the general long term swing is and if there is a possibility of an upswing or downswing happening as price nears major swing points, then they will generally get down to the smaller time frames to choose the perfect entry in line with what they see on the much larger time frames.

Ever swing trader is differentwhich means that a swing trading strategy I use will not be suitable for you because your trading personality is different from mine.

You will have your own preferred swing trading techniques and methods and in light of that, I have compiled an amazing list of swing trading strategies in this website where you can browse though and study and hopefully you will pick one that works best for you.

So if you are loking for the best forex trading strategies for swing trading? Then you have come to the right forex site! Theres lots of free forex trading strategies here to choose from. See Below!

BASIC FOREX TRADING STRATEGIES FOR SWING TRADING:

These are forex trading strategies for beginners suitable for those that have just trying to venture into the forex market.

SIMPLE FOREX TRADING STRATEGIES FOR SWING TRADING:

These are forex trading strategies for beginners as well as more experienced forex traders.

COMPLEX FOREX TRADING STRATEGIES FOR SWING TRADING:

These are forex trading strategies that needs a bit more complex but once you understand, they are quite easy.

ADVANCED FOREX TRADING STRATEGIES FOR SWING TRADING:

If you want forex trading strategies that work with price action trading as well as using support and resistance trading and trendlines etc the following list of forex trading strategies are your best bet.

OTHER FOREX TRADING STRATEGIES and TRADING TECHNIQUES & IDEAS

I have classed the forex swing trading strategies into four(4) categories for easy browsing as seen above:

Basic Swing Trading Strategies-very basic forex strategies for beginners to understand and implement.
Simple Swing Trading Strategies-very simple effective forex trading strategies. not a lot of indicators
Complex Swing Trading Strategies-comple forex trading strategies that require a bit more analysis, usually 2-3 forex indicators required.
Advanced Swing Trading Strategies-Advanced forex trading strategies. for advanced swing traders, bit more price action trading, chart pattern trading, candlestick chart analysis and other forex indicators as well.

SWING TRADING VS DAY TRADING

What is the difference between swing trading vs day trading? Well, the main difference between swing trading and day trading is that with day trading, all trading activity happens and closes during the day. A day trader is actively looking for trading opportunities during the day. No trades are carried overnight. This also means that the day trader is generally looking for smaller profits with each trade made.

On the other hand, you have swing trading. Swing traders are looking to take advantage of momentum and they will hold their trading positions for longer periods than a day trader. The trades can be held for days and even weeks allowing the price momentum to run its course.

So ideally, with swing trading, in an uptrend, traders will be looking to buy on pullbacks and in a downtrend, traders will be looking to sell in a rally. These are the price structure or price swings that allow the swing trader to get in a better price with a good risk:reward ratio.

Then benefit of swing trading also is that you are not glued to your computer screen all day long. Swing trading will also fit those people that have day jobs. Especially with the forex market, you can come back in the evening and can trade as a swing trader.

DO THESE FOREX TRADING STRATEGIES WORK?

The answer is yes and no . And heres why:

All these forex trading strategies revealed here have their own strengths and weakness. All Ive done is researched and compiled a list of forex trading strategies resource s site for you to have the be able to have a read and try out which forex trading systems work for you.
Added on top of that, its really up to you do decide what kind of forex trading system you want to use
A forex trading strategy that works for you may not necessarily work for me because our personalities are different.

As you will note, all the forex trading strategies on this site are not complicated. As a matter of fact, the less forex indicators a forex system has, the better it is for you to make moneythat is in my opinion.

I am a strong believer in keeping trading simple and simple trading systems make money. Trading with price action is what I do, and for sure there are lots of forex price action trading strategies here as well.

For those that are are new and would like to know more about swing trading, youve also come to the right place.

FOREX TRADING EDUCATION

If you are beginner forex trader and just stumbled to this site, you wont find all the beginner forex trading lessons like:

what is forex trading?
what is forex technical analysis?
what is a pip?
What is a candlestick?
what is a moving average?
what is MACD?
What is a currency spread?
etc

You can google all these information and find them on other forex websites like babypips.com

What this site, www.swing-trading-strategies.com is all about is mainly about forex trading education in trading strategies and systems .

WHAT IS SWING TRADING?

If you want to know more about swing trading, well, click here or here you will learn all that but for a list of forex trading strategie s that can be used for swing trading, scroll down below.

Swing Trading Strategies should appeal to any forex trader who has a day job or who does not have time on his hands. Because with Swing Trading Strategies. once a trade is placed and executed, you pretty much let the market do its job.

All you have to do is check you trades about 4 to 6hrs or a day later and manage it.

Thats the beauty of Swing Trading .

If you are a swing trading dummy, heres you brief swing trading for dummies lesson (click that link).

If you have been a swing trader for some time, you may find new swing trading technique s and ideas or build upon what you already know and go from there. Or you can find a new swing trading strategy that you can use also.

SWING TRADING IS NOT ABOUT OVERTRADING, IF YOU DO, YOU WILL LOSE MONEY.

This is never the case. The more you trade you will lose money. This is called overtrading.

If you trade less with a careful plan, you will make money. This is the beauty of using forex swing trading strategies:

Using Swing Trading Strategies and Systems allows you to think though your trades
teaches you patience to wait for the right trading set-ups to happen,
and even more so, allows you to focus on other things in life while the market takes care of the trades you make without having to stare at your computer screen all day long.

This is because with swing trading, once you open a position ( a trade), your trades can last for more than a day up to 1 or 2weeks.

When you allow to market to do what its meant to do, the market can give you a lot more profits than if you are a day trader or a forex scalper.

And that is one of the greatest advantages of forex swing trading: you are avoiding the noise that are so prevalent in the much smaller timeframes like the 1minute, 5minutes, 15minutes and even the 30minute timeframes.

HOW TO BECOME A PROFITABLE FOREX SWING TRADER

To become a successful swing trader is not an easy task. If someone tells you swing trading is easy, you better not believe that.

The first step to becoming a profitable swing trader is finding an effective or reliable swing trading strategy that you are comfortable in using.

Then second step is to strictly follow the rules of your swing trading strategy and this requires discipline because you should be able to follow the rules of the trading system even when you are suffering some loses and the natural inclination would be to switch trading systems (or look for a new trading strategy) or even worse, trade without any trading system.

The third step is you have to manage your trading risks. Trading is risky, there is a risk of loss of your money. Remember that.

Be careful of the time when you come to a stage where you have been winning consistently and you think you know it all

The moment you think you are a better swing trader, thats when the biggest trading mistakes are made and guess what? The forex market will humble you sooner or later.

KEEP LEARNING AS YOU SWING TRADE INTO THE FUTURE

As you go along the path of swing trading, learn from your past successes. Learn from those trades that went right and made you profits. What did you do right that got you those profitable trades? How did you manage your risk?

But also learn from those trades that did not turn out profitable. If you have followed everything by the book and the trades turned out unprofitable, then you have done extremely well. Why? Because you have had the discipline to follow your trading systems rules.

But if you are taking short cuts, trading without sticking your swing trading strategys rules and your risk management, you will go no where.

Since my fascination is mainly to do with swing trading, I built this website was to discuss and share swing strategies and systems.

In this website you will find out what swing trading is, you will discover swing trading methods and techniques that you can practice and use.

SWING TRADING FOR DUMMIES

If you are new to trading forex or any financial market, there is sufficient information here to give you a better understanding of swing trading.

If you are a beginner and want to increase your knowledge about swing trading then maybe click on this link :What Is Swing Trading would be a good place to start and progress from there.

If you are not interested in all the beginners stuff check out swing trading strategies and systems where you can learn all the swing trading methods and techniques which you can use.

Learning how to swing trade in forex market can be quiet challenging without the knowledge required to succeed.

As you go read the information in this website it is hoped that you will:

increase your knowledge about swing trading
learn to find a swing trading strategy which you can use to profit in the forex market
develop a plan to follow every time you trade
and have the discipline to follow the swing trading strategy with religious risk management

There is no secret to successful swing trading. Successful swing trading is simply about following defined trading rules.

WHAT IS THE BEST SWING TRADING STRATEGY TO USE?

Every trader is different and therefore each must have to explore and test the many different swing trading strategies that are available. You got to find a swing trading strategy that fits you.

There are many swing trading strategies in this website. Have a read, explore them, demo trade them and get a feel of each and see how you feel about it. Be willing to adjust or modify it to suit your needs.

FOREX TRADING SOFTWARE

There is also a massive growing interest in the use of forex trading software these days with forex traders. The use of forex trading software is mainly for programming trading systems.

Which essentially means that a computer program buys or sells based on the rules that it is programmed into it. In forex terminology, they are sometimes called expert advisors or EAs.

You dont need to be a programmer yourself, if you believe you have a forex trading system that has clear cut rules, you can hire a forex systems coder/programmer to program your trading system.

It does not cost must, you can spend anywhere from $100-$1000 to have your manual forex trading system developed into a forex trading software or Expert Advisor (EA).

SWING TRADING TIPS

Learn to follow the price action and use technical analysis -if you want to be a swing trader, this pretty much forms the core of what swing traders do.
Learn to work with the trend -swing traders are generally good trend traders. They learn how to spot trends happening and getting in at the very beginning of the trend of if they are late, they wait for a swing point to enter whilst the trend is still in progress along the way.
Learn to trade against the trend . Thats a skill many swing traders take time to get used to. Many traders think that swing trading is all about trading with the trend, this is not the case. A swing trader can take a trade that is against the trend at a swing point that he knows price will move from there against the main trend. You will will see many swing trading strategies here that will have this character.
Learn about candlesticks -these will help you see the market sentiment and make your trading decisions easier.
Learn about chart patterns -there are some specific powerful chart patterns that every swing trader needs to know, like head and shoulder, double bottoms, double tops etcyou need to know these chart patterns.
Learn to draw and use the trendlines -you will be amazed how price reacts to trendlines.