Swing trading basics.What is swing trading and how does it work.
About swing trading
Swing trading is a trading methodology that seeks to capture a swing (or "one move"). The idea is to endure as "little pain" as possible by exiting your trades before the opposing pressure comes in. This means you'll book your income before the market reverse and wipe out your gains.
Pros of swing trading
Less stress compared to day trading.
It's suitable for those with a full-time job.
You need not spend hours in front of your monitor because your trades last for days or even weeks.
Cons of swing trading
You won't be able to ride trends.
You have overnight risk.
What is the best trading strategy?
When it comes to trading strategies, they can all perform well under specific market conditions; the best trading strategy is a subjective matter. However, it’s recommended to pick a trading strategy based on your personality type, level of discipline, available capital, risk tolerance and availability.
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