Forex Swing Trading - How you can make money with swing trading?

FinanceStocks, Bond & Forex

  • Author Mark Mcgee
  • Published January 13, 2011
  • Word count 347

Forex is a turn that isn't brought up often enough within the investment community. It is simply the currencies market in which the world's currencies are traded night and day. It is a place where great fortunes are created and lost each day at all times during the day. Only those who know what they are doing are likely to make money with this market on the consistent basis.

What Will i Need To Know To Make Money?

A number of different strategies have been attempted in the Forex market. One of those strategies is by using something referred to as Forex swing trading. This Forex swing trading is definitely an advanced strategy of following the trends of the market to try to make the most money.

What Is Forex Swing Trading?

When doing Forex swing trading you're examining the technical trends which are present in the marketplace and trying to use them to your advantage. It's less about which currencies you believe are going to be on the rise and more about how you think the market itself is going to act. There are numerous of measures that individuals look at to determine how the market reacts on the day to day basis. Sometimes there's very little currency news happening, but the market still moves up or down. People who use Forex swing trading try to understand why these technical moves are created and try to rely on them to make money. They would like to buy low and sell high in the short term just based on quick reactions in the market. Even if the moves have nothing to do with the particular value of the currency, people who practice Forex swing trading can profit.

It is important to remember that this strategy is not for everybody. There are some people who would be better advised to simply buy and hold in order to move to a different market altogether. However, for individuals who do think that they have time necessary to put in the kind of research required, than the can prove very profitable.

Mark McGee also writes for the Forex Day Trader. The place for traders to go to learn about the Forex market.

You can also find a variety of articles, including Forex Swing Trading and Forex Trend Trading.

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MarcelBracken
MarcelBracken · 13 years ago
That's awesome. I'm so glad you started blogging and that I can call you my friend. Keep posting and I'll keep reading.