Swing trading is completely based on short-term trade, which relies only on interest and probability. It is very important not to build any expectations in such a trade technique, to put more dense stop losses, to always know when to enter the deal, have at least some plan to exit the transaction and not trade in flash markets. Now I want to list the most basic rules of swing trading.
If you see that the transaction is profitable, then put it the next day. Look for an output point near support or resistance, immediately after a gap or some other important point.
If your entrance is true, then the market is immediately obliged to go towards the profit. Of course, he can stand a little near the entrance point, but not go into a clear minus.
If your position at the end of the day hangs at a loss, then it is better to close it and open the next day.
If in the process of trading everything went somehow wrong, not according to the script, try to go out.
It is better to move the feet a little than to grab a loss.
If you suddenly began to doubt the correctness of your entrance, then immediately go out.
And, most important rule – learn to wait, like a fisherman sitting for many hours and waiting for his fish.
Your money can work while you rest. Your assistant forex will allow you to increase your savings even during the holidays and on weekends. Do not hide the capital under the mattress, lead they can increase with minimal efforts on your part.