Preschool>= Lesson Status ?
Kindergarten>= Lesson Status ?
Elementary>= Lesson Status ?
Grade 1 Support and Resistance Levels
Grade 2 Japanese Candlesticks
Grade 3 Fibonacci
Grade 4 Moving Averages
Grade 5 Common Chart Indicators
Middle School>= Lesson Status ?
Grade 7 Important Chart Patterns
Grade 8 Pivot Points
Summer School>= Lesson Status ?
High School>= Lesson Status ?
Grade 9 Trading Divergences
Grade 10 Market Environment
Grade 11 Trading Breakouts and Fakeouts
Grade 12 Fundamental Analysis
Grade 13 Currency Crosses
- What is a Currency Cross Pair?
- Crosses Present More Trading Opportunities
- Cleaner Trends and Ranges
- Taking Advantage of Interest Rate Differential
- Obscure Crosses
- Planning Around News and Fundamentals
- Creating Synthetic Pairs
- Euro and Yen Crosses
- How to Use Crosses to Trade the Majors
- How Cross Currency Pairs Affect Dollar Pairs
- Summary: Currency Crosses
Grade 14 Multiple Time Frame Analysis
Undergraduate>= Lesson Status ?
- Why Keep a Trade Journal?
- Benefits of Keeping a Journal
- What Should You Record in Your Journal?
- Potential Trading Area
- Entry Trigger
- Position Sizing
- Trade Management Rules
- Trade Retrospective
- Trading Journal Statistics
- Reviewing Your Trading Journal
- Difficulties of Keeping a Trade Journal
- Summary: Keeping a Trade Journal
Graduation>= Lesson Status ?
- Which Trading Style is Best for You?
- Which Currencies Should You Trade?
- What is Your Level of Trading Experience?
- Should You Be a Discretionary, Mechanical, or Hybrid Trader?
- What Kind of Mechanical System Suits Your Personality?
- What is Your Attitude Towards Risk?
- What Kind of Stop Suits Your Trading Style?
Swing trading is a longer term trading style that requires patience to hold your trades for several days at a time.
It is ideal for those who can't monitor their charts throughout the day but can dedicate a couple of hours analyzing the market every night.
This is probably best suited for those who have full time jobs or school, but have enough free time to stay up-to- date with what is going on in the global economies.
Swing trading attempts to identify medium term trends and enter only when there seems to be a high probability of winning.
Because trades last much longer than one day, larger stop losses are required to weather volatility, and a trader must adapt that to their money management plan.
You will most likely see trades go against you during the holding time since there can be many fluctuations of the price during the shorter time frames.
It is important that you are able to remain calm during these times and trust in your analysis.
Since trades usually have larger targets, spreads won't have as much of an impact to your overall profits. As a result, trading pairs with larger spreads and lower liquidity is acceptable.
You might want to be a swing trader if:
- You don't mind holding your trades for several days.
- You are willing to take fewer trades, but more careful to make sure your trades are very good setups.
- You don't mind having large stop losses.
- You are patient.
- You are able to remain calm when trades move against you.
You might NOT want to be a swing trader if:
- You like fast paced, action-packed trading.
- You are impatient and like to know whether you are right or wrong immediately.
- You get sweaty and anxious when trades go against you.
- You can't spend a couple of hours every day to analyze the markets.
- You can't give up your World of Warcraft raiding sessions.
If you have a full time job but enjoy trading on the side, then swing trading might be more your style! Make sure you swing by our "Show me the Money" thread so that you can interact with other swing traders.
While you are logged into your account,
you can save your progress in the School of Pipsology!
- Each Trader is Unique
- Time is Money
- Day Trading
- Swing Trading
- Position Trader
- Summary: What type of Trader are you?