The rise of online forex trading means that anyone can swing trade for short term profits, Its not only profitable, its easy to learn, good fun and that's what trading should be.
Forex swing trading online provides the ideal market for the methodology of swing trading.
So why are currency markets the ideal for swing trading?
Lets first of all define what forex swing trading actually is
Forex Swing trading aims to identify intermediate swings in price, that can last from anywhere from a few days, to a few weeks.
This is not day trading – day trading has no reliable data as the period is to short and you cant make money.
Swing trading here means still looking at short time frames, but the data is reliable enough for you to get the odds in your favor.
The following conditions make FOREX swing trading potentially such a lucrative way of trading
Each day the global forex markets see trillions of dollars transacted.
This is a 24 hour market and is the world's largest investment marketplace.
The huge size of the markets allows traders to open and close transactions quickly, to lock in profits and minimize losses.
Currency markets are volatile and this is why a short term trading method such as forex swing trading can be so profitable.
A volatile moving market is essential for swing trading.
This volatility means a large number of potential opportunities that are presented to forex traders.
3. Transaction costs
Low transaction costs that were once the reserve of large institutions, now any trader can get 3 – 5 pip spreads meaning short term trading is viable for any trader
Swing trades come regularly
While treaties present long term trends, there are many profitable swing trading opportunities within them.
These shorter trends last for a few days to a few weeks and they offer regular high reward low risk trading opportunities for forex swing traders
5 Psychology is easy to learn
Many traders lack patience and want to have quick action well that's exactly what you get with forex swing trading.
FOREX swing trading offers them a lot of trades regularly and you do not need the patience of a long term trend follower.
Swing trades tend to either run to profit quickly or loss, keeping the trader interested, motivated, disciplined and focused.
This is an ideal way of trading for someone who loves trading.
Forex swing trading is also
Easy to learn you can simply use support and resistance lines with some confirming momentum indicators. For example, we use just stochastics and
RSI – It's simple and a stress free way of trading and best of all can make big profits with low risk.
FOREX Swing trading is fun and very profitable and that's the way trading should be.