👋🏻Hi, guys! 👋🏻 We continue talking about the types of trading. 👨🏻💻
🎯Today let's talk about SWING TRADING (especially for @monguilhot)
👉🏻Swing trading is based on the analysis of fluctuations in stocks, index and currencies, which last several days. 🌟 A swing deal can take up to several months. 👉🏻Unlike the intraday trader, the swing trader is unlikely gives all the working hours to the trading. 👉🏻Anyone with ideas and investment capital can try swing trading. 👉🏻Due to the longer timeframe (1 hour, 4 hours, 1 day), the swing trader does not need to be glued to the screen of his computer all day. 👉🏻 It can even completely concentrate on another type of employment.
👍🏻Advantages of Swing trading: 💡 Maintaining an open position for several days or weeks can lead to higher profits than trading the same asset several times a day.
💡Since swing trading is rarely a full-time job, stress is much lower.
💡You have time for doing other things, maintaining nerves and energy in a healthy state.
💡 Swing trading can be done through a simple computer or smartphone with a terminal installed.
💡 Swing traders usually have a regular job or other source of income, from which they can compensate or reduce trade losses.
👎🏻Disadvantages of Swing trading:
💀As with any trading styles, Swing trading can also lead to significant losses. Since swing traders hold their positions longer than “intra-traders”, they also run the risk of getting bigger losses. 💀Especially the risk of losses increases due to holding the position every other day.
💀Swing traders rarely come in deal in a best price. Checking the chart 1-2 times a day, they are content with the market at the time opened position.
💀 Increased waiting time for a signal to enter a position. If scalpers receive signals much often, then swingers can wait for the setup day after day.
👁🗨Guys, I hope my little articles about possible varieties of trading, will help you determine your market position.🙏🏻
💋I really want to be useful to you. 💋 Support my enthusiasm with like! ☺ Thanks for attention🌟