Swing Trading, what is it? What Is The difference between swing trading strategies and day trading strategies or scalping or trend trading strategies? In here your questions will be answered. But first… Wikipedia describes swing trading as a speculative trading activity in any financial market whereby instruments such as currencies are bought or sold at or […]
SWING TRADING FOR DUMMIES COURSE 2 In here, I am going to explain the difference between Swing Trading and Swing Trading Strategies Vs Other Trading Techniques like Day Trading And Trend Trading. If you’ve just arrived at this page and don’t know what swing trading is, here is a simple definition of swing trading: Swing trading […]
Overview of the Floor Trader’s Method The floor trader’s method is a trend following system which can be used effectively as a swing trading strategy. The floor trader’s method is built on 3 important concepts: 1) it is a retracement-continuation trading method. 2)it uses moving averages to identify the trend and trades in the direction […]
TREND TRADING IS NOT DIFFICULT IF YOU CAN USE PRICE ACTION TO DETERMINE TRENDS Here’s how…but first some basic lessons first: when a market is trending nicely, you will notice price makes peaks and valleys like the chart shown below. these peaks and valleys are called price swings. if a market is trendine up, what […]
The ElliotT wave principle was developed by a guy called Ralph Nelson Elliott in the late 1920’s. His theory was that: movement in price in the market could be predicted by identifying a pattern of waves. he came to the conclusion that the market moves upwards in five waves and corrects in three waves The Elliot […]
Definition of Support And Resistance Support and Resistance levels represent key price levels where the forces of supply and demand meet. In the forex market, the prices are driven by supply and demand. If there is an oversupply, prices will go down and if there is a demand, price will go up. If demand and supply […]
This is a tutorial on how to draw fibonacci retracement using the metatrader4 forex trading platform. Knowing how to use fibonacci in forex trading is one simple trading skill every forex trading should know about. One of the first things you should know about fibonacci retracement tool is that it is not a forex indicator. […]
How Do You Trade Price Pullbacks in an Uptrending Market and How Do You Trade Rallies in A Downtrending Market? One common characteristic of swing trading is the ability to trade pullbacks and rallies of price action. Now, if you know what to do or have a a swing trading method or system to allow […]
Trading risk management is very critical to your survival in trading forex because forex trading has its risks! If you want to keep trading for a very long time, you need to understand trading risk management techniques which are so simple yet, can make a huge difference between you winning or losing when trading. It […]
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