Understanding and Swing Trading Strategy
Swing trading is a trading strategy that utilizes a medium timeframe, it can be days or even weeks. The usual timeframes used are hourly or quarterly. The essence of swing trading is finding the right price movement. This means that traders must properly understand support, resistance, candlesticks, and moving averages (MA). This swig trading theory does sound easy, but in practice it is not as easy as imagined. Swing traders use more technical analysis in determining sell or buy. But don't neglect fundamental analysis, trends and price patterns. Swing trading relies more on trends in price movements. With a trend, traders can see where the price will move, and have preparations that will be done carefully. Watch the video below for more clear and detailed information!
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