Swing Trading - A Simple and Easy to Learn Currency Trading Strategy for Triple Digit Gains!
Swing Trading - A Simple and Easy to Learn Currency Trading Strategy for Triple Digit Gains!
If you want to make money at Forex trading with a method which is exciting and fun and generates huge profits in just 30 minutes a day then, swing trading is the perfect currency trading strategy. Here we will look at a simple swing trading strategy which can help you enjoy currency trading success.
Swing trading is based on the fact that humans are emotional beings and when greed is present they push prices to far to the upside and when fear is present they push prices to far to the downside and you will see this on any currency trading chart in the form of a price spike. These sharp price spikes though never last long and prices soon come back from overbought or oversold levels, as prices return to fair value.
Forex swing trading is simply a method where a trader looks for a short shapr price spike to occur and then sells into greed or buys into fear. Below, we will give you some simple tips on how to make money from these price spikes and our example, is based on selling into greed but the same logic is also applicable in a bear market.
- Once a price spike has occurred you need to see how overbought the market is and for this you can use some momentum oscillators which will show you this. There are numerous momentum indicators but the best for Forex swing trading in my view are - The MACD, the relative strength Index and the stochastic. There very easy to learn and when you see a currency is overbought, you can use them to enter your trading signal.
- To generate your trading signal, simply wait until the momentum indicators you are using turn down, while the price of the currency is still rising. This is known as divergence which warns of a trend change and when divergence occurs, you can open a short position.
- As soon as you place the trade, enter a stop above resistance and set a downside target and this should be above a major support level. You never want to wait for the level to be tested in case, prices bounce back up against you and eat into your profit. Don't be greedy, take your profit and get out and wait for the next trade.
- When swing trading, always trade levels that are near or at, historical overbought extremes on the chart. The more overbought a market is the harder the fall will be when greed peaks, so be selective with your swing trades.
So there you have a simple swing trading strategy which makes big gains and even better, it will only take you 30 minutes a day to apply. Swing trading is a great way to trade and will always work, because human nature will always push prices to far up or down which creates, trading opportunities which will allow you to build a great second income. Einkauf Schuhe Online Schafft Eine Vielzahl Von Komfort Are You Looking For Indian Holidays Wedding Photography Training Around Present Day Kinds By Way Of Qualified Photography Addicts What Are The Advantages Of Online Learning? Surprise Your Wife By Sending Gifts Online! Business Insurance - Eliminating Misconceptions That Might Destroy Your Business Enterprise Get Rid of Cold Sore – Methods for Cold Sore Treatment Watch and Stream Birmingham City vs Sheffield Online in HD Watch The Bachelor Season 15 Episode 9 Week 9 Online Online Jewelry Store - Find Your Favorite Diamond Jewelry Online Prom Dress Styles Guide How To Make The Most Profit With Your Business Using Home Business Opportunities Rajasthan Desert Tour: Take a Great Fun during the Trip to India