When it comes to investing, there are other approaches that you can use to your benefit. In this regard, swing trading is another approach that you can consider. Generally speaking, swing trading can offer you a longer-term approach as compared to day trading. Swing trading can be easily defined as holding open positions for longer than a single trading day. This is done in hopes of capturing the "swings" in the market. As such, you are looking to cash in on price movements, which can lead to profits. The main difference lies in the fact that you are willing to keep your positions open for several days, but usually no longer than a trading week.
It's important to note that periods longer than a week usually require a good deal of study and research, particularly if you are investing in a volatile market. Please keep in mind that swing trading is highly speculative. So, you are attempting to see the future in hopes of translating that into profits. Nevertheless, swing trading can offer you a certain set of advantages that the day trading philosophy can't. By engaging in swing trading, you can open up the door to another set of possibilities.
In This Book You Will Learn:
Understanding the Fundamentals of Swing Trading
The Difference Between Swing Trading and Day Trading
Advantages of Swing Trading
Characteristics of a Swing Trader
Conducting Research as a Swing Trader
Benefits and Drawbacks of Swing Trading
Swing Trading Assets
Essentials of Swing Trading
Technical Analysis Tools Used in Swing Trading
Use of Moving Average (MACD)
Significant Levels
Trend Continuation
Triple Tops and Triple Bottoms
Candlestick Analysis
"Timing" entry and exit points
Risk Management in Swing Trading
Protecting Yourself Against Risk
Psychology in Swing Trading
Understanding the Fundamentals of Day Trading
Day Trading as a Full-Time Career
Opening a New Brokerage Account
Placing Your First Trades
Using the moving average to enter and exit a trade
AND SO MUCH MORE!
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