rony Posted October 29, 2012 Share Posted October 29, 2012 Major players in the forex market always trade with an edge by stacking odds of winning on their site. If you want to survive longer in the markets and make money, you must learn to duplicate what these major players do. Learning this simple strategy will also shorten your trading education, if your goal is to become a full time currency trader. The underlying principle of swing trading is to enter high probability trades. There are 3 essential steps you must do when trying to enter the market, using swing trading strategy when looking for profitable trades: 1. Use your favourite trend identification indicators to find the main trend. This acheivement is easily obtainable by using trading tools like moving average indicators or price action. Don't forget to ideally trade the market after the direction of the main trend. 2. Implemet your correct trading system by waiting for a pull back in order to place a high probability low risk trade. Swing traders want value, they enter the market when they believe their winning odds are high. By entering the market at replacement levels, swing traders once again increase their odds of entering a profitable trade by making sure that they get in at a good price. 3. One of the most important aspects of any trading system is the stop loss level. Never enter a trade without stop loss level. Even though you did your research and correctly identify all the above steps, you may still end up losing your trading capital if you trade without stop loss. The market is always unpredictable and there is no strategy that will protect you 100%. Quote Link to comment Share on other sites More sharing options...
standart Posted November 2, 2012 Share Posted November 2, 2012 yes, most traders choose swing method than scalping because psychologically, swing method produce less stress than scalping method. moreover traders not necessary to sit for a whole day in front of computer if applies swing method. while in scalping, focus on the chart is important or they will miss trading opportunity. Quote Link to comment Share on other sites More sharing options...
PROPENSITY100 Posted March 9, 2013 Share Posted March 9, 2013 Swing trading is less riskier than scalping and thus involves less stress but scalping also has few advantages.In scalping the results are usually within a few minutes while in swing trading it can take a day ore more. Quote Link to comment Share on other sites More sharing options...
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