Swing trading

Swing trading is a long term trading style with typical holding periods exceeding a day, possibly running into weeks or even more. This trading style is great for those who are interested in pursuing part-time forex trading. Like other trading styles, it also requires traders with a certain frame of mind.

Swing trading is best suited if you

1. Are fine with holding a trade for more than a day, possibly several days.

2. Can do detailed analysis to ensure the trade is confirmed by multiple indicators.

3. Have an appetite for bigger stop losses to weather-out short-term fluctuations.

4. Are patient, and do not stress on market sentiments if your trade continues to hold strong.

5. Do not mind doing just a few trades in a week, even just one.

6. Can spend a couple of hours a day analyzing markets as well as read into any drastic fundamental shifts.

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