Forex Swing Trading
Forex Swing trading is like a middle point between trading long term and opening and closing positions in the same day (intra day trading).
Typical swing trades last anywhere from a few days to a few weeks.
Swing Trading Strategies
Forex Traders often use technical analysis to select entries and exits of swing trades. There are many swing trading strategies that traders use. Often they will involve the use of moving averages, RSI, momentum indicators etc.
One example of a commonly used swing trading strategy is the plot a 5 EMA on a weekly or monthly chart, then plot a 8 EMA. When the 5 EMA crosses the 8 EMA to the upside, go long. Also, when the 5 EMA crosses the 8 EMA to the downside go short. Fibonacci retracement points are often used for stop losses and take profit points.
This is a very simple strategy. It is certainly the case that the simple ones are often the most effective.
Metatrader 4 is an excellent platform for for this strategy. The charting is highly effective. It can be downloaded from metatrader4.com
Forex Swing trading is like a middle point between trading long term and opening and closing positions in the same day (intra day trading).
Typical swing trades last anywhere from a few days to a few weeks.
Swing Trading Strategies
Forex Traders often use technical analysis to select entries and exits of swing trades. There are many swing trading strategies that traders use. Often they will involve the use of moving averages, RSI, momentum indicators etc.
One example of a commonly used swing trading strategy is the plot a 5 EMA on a weekly or monthly chart, then plot a 8 EMA. When the 5 EMA crosses the 8 EMA to the upside, go long. Also, when the 5 EMA crosses the 8 EMA to the downside go short. Fibonacci retracement points are often used for stop losses and take profit points.
This is a very simple strategy. It is certainly the case that the simple ones are often the most effective.
Metatrader 4 is an excellent platform for for this strategy. The charting is highly effective. It can be downloaded from metatrader4.com
