Why is swing trading in forex popular?

[danielbro]

Swing trading makes it possible to profit from rising prices during a bull market and falling prices during a bear market. Swing trading doesn’t lock you into any particular market and I feel this is the best part.

This is very interesting approach for swing traders, what are some tips to consider for doing swing trading?

 

[bikeracercumtrader]

This is very interesting approach for swing traders, what are some tips to consider for doing swing trading?

You should be able to identify your support and resistance levels using technical analysis and also try to learn how to identify wide range candles as these make it easier to reveal turning points within the swing trade.

 

[Sheldon56]

I have not tried swing trading, but I always wanted to give it a try

 

[e_abrams]

Do you use swing trading?

 

[JimBarryman]

Swing trading in Forex is a form of quick trading performed by investors aiming to maximize profits and minimize risks by making strategic trades that last from 3 to 30 days. This is a very popular style of trading among investors and day traders across the globe. Swing trading depends on short-term variations in the market, forcing traders to react to the changes in a rapid manner. This form of trading depends more on stress price patterns than actual value.
As a trader, you do not wait for currency prices to hit either high or bottom, but wait for short term fluctuations in the market. Swing trading is highly favored by day traders, rather than by large financial establishments or brokerage houses. Swing trading is most profitable when markets are stable.
Advantages of Swing Trading in Forex
The reason for swing trading in Forex being popular is the many advantages it offers over other conventional forms of trading, like buy-and-hold investing and position trading. The returns tend to be higher for an average trader. You can, for instance, trade for a short while and pay your monthly bills. Swing trading is, however, subject to market fluctuations and conditions. Like all forms of trading, swing trading is susceptible to lean phases.
When executed properly, you will experience less risk as compared to other methodologies. Unlike conventional investors whose fortunes are tied to bulls and bears, swing traders are free to exit losing trades and step out. There is an exit strategy for swing traders. Another strategy for a swing trader is to short the market even when the market suffers a slowdown.
Swing traders can have a flexible schedule unlike most day traders. All you need is to do some market research after work, and place new trades the next morning when the markets open. This style of trading offers more attractive returns due to its less labor-intensive requirements. You also need not worry about:
Scrutinizing financial statements like most investors
Monitoring market crests and troughs like position traders
See your profits vaporize before your eyes due to unfavorable market conditions
Using complicated systems like other traders
Swing trading is popular because of the flexibility it offers. In short, swing trading gives you the highest returns in the least amount of time.

Swing trading can be good for people who don't want to be on charts much - set a limit/market execution, TP, and SL and let the market do its thing.

Personally, I trade intraday and on charts a fair bit

 

[Oswald]

swing trading, when done corectly is a good way to make money

 

[e_abrams]

Any trading, when done correctly, is a good way to make money.

 

[darrensammy]

Maybe the fact that it lies between day trading and long term trading is the reason that it is more famous among traders. Moreover, traders can be a little comfortable with swing trading as they can relax for a while after the investments. But it is also true that like every other trading method, this also needs some practice and learning.

 

[sharabela]

Yes, swing trading is popular among traders. In fact, as traders gets more experienced, they seem to get engaged with swing trading more than scalping/day trading. It is more consistent and creates less pressure. Yes, it does require traders to be more patient and disciplined though.

 

[no_frame]

Swing trading is popular among traders because it increases control, trading activity, and most importantly profit potential. And you don't have to sit whole day watching the market keenly.

 

[Dutchy86]

Being in the market for as little time as possible is my preferred

 

[wilbertunderwood]

Swing trading has become a go to strategy for most of the traders. As it allows them to hold on to a position for longer period of time and earn bigger profits

 

[jimcarter]

Swing trading is a short-term method in which a trader buys or sells currency based on technical indications that indicate an approaching price shift.

In the Forex market, the swing strategy is very popular among traders. Swing trading implies that the trader isn't concerned with the long-term worth of a currency; instead, they're aiming to benefit from peaks and troughs in momentum.

A swing trading technique appeals to beginners since it operates on a more user-friendly time.

 

[e_abrams]

I largely prefer swing trading. Do you use this particular approach?