What is Forex Swing Trading?
The phrase "swing trading" refers to a forex trading strategy that aims to take advantage of short-to medium-term price increases in equities (or other financial instruments) over a period ranging from a few days to several weeks. Swing traders rely heavily on technical analysis while searching for potential trading opportunities. In addition to monitoring price trends and patterns, swing traders may also employ the use of fundamental analysis. Join our multibank group trading bonus The goal of forex trading is to generate a profit on an expected change in price by entering trades that run anything from a few days to several months. A trader who engages in swing trading puts themselves in a position where they are vulnerable to overnight and weekend risks, in which the price may experience a gap and open the next day at a significantly different price. They have the option of taking profits by applying a predetermined risk-to-reward ratio that is based on a sto