Forex swing trading is easy to learn and apply and is an ideal method for beginners who can make money - let's look at the benefits.
In essence, you have 3 time frames that you can target trends in and they are:
Forex day trading, swing trading and long term trend and forex robotron are the easiest for beginner traders - so let's compare these 3 methods and see why.
1. Day trading
More beginner traders try this method than anyone else - but it doesn't work at all!
All short term volatility is random, you can't get odds on your side and you can't win - PERIOD.
For those of you who are still thinking about it - try to find a track record that has earned real profits (not simulated or hypothetical) and you won't find one.
It's a loser game, so don't try it.
2. The following Forex trend
This gives you the best profit potential if you can lock in to the long-term trends and keep them.
This looks a lot easier than it really is, and requires tremendous discipline, and discipline is a hard skill to learn.
1. You have to be patient.
You have to wait for the right opportunities and it takes discipline to sit for weeks or months waiting for them.
Most traders want to be in the trade and trend after they simply only fit in with patient traders and most are not.
2. You need discipline to accept big winnings!
This may sound easy, as we all want to make big gains, but sitting on a big open gain while volatility eating into your winnings is anything but, and most newbies snatch profits early - following trends is simply tough - Sure you can learn it, but if you are a beginner trader swing trade is a good place to start here, why:
3. Swing trading
You can swing trading with just a few indicators and support and resistance, and the benefits are:
1. It is very simple to learn and apply. You can learn a swing trading system in a few days.
2. There are trades at least a couple of times a week, so for the trader who likes action, they will see it quickly.
3. Acting is fast or wrong fast and the necessary discipline and patience is less in this than in the trend after.
It is very easy to do - you trade for periods of 2 days to a week or so, and it is easy to master the mindset to do so, and while profits may be less per day. Trading beyond the trend, you can make huge profits over time if you have a logically robust system.
A basic swing trading system
A swing trading system is easy to build and a good system would be based on trading with support and resistance.
Then you use momentum oscillators to confirm the trade and price direction is with your trading signal and lastly, always have a goal with no rear stops - hit trades, hit targets and bank them.
Stop losses in support and resistance are obvious and finally incorporate breakouts into your swing trading strategy for greater profit potential.
Forex swing trading is easy to learn, easy to apply and can be profitable and fun - discover it and see for yourself.
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