Thread: Swing Trading

Seems to me that Swing/Position Trading is the way to go.
I have been trading since 03 and seen many changes in the forex markets.
I kind of think the general concensus is that most folks want their money to work for them not the other way around. How do you do that. Well I believe there are two ways; 1st you can swing trade, go in to the market say once a day and look for opportunities and when they come along take advantage of them. From that point (if you are right) manage your trade. The 2nd way is to use a robot. I have never used a robot and never will so I cant really speak about the pros and cons of using one. I swing trade all the time, my stops and limits are well defined and I dont know about you but I dont have to sit in front of my monitor and sweat out a trade. I place my order and Im gone. Thats the way I like it.

Swing trading is commonly defined as a stock, index, or commodities trading practice whereby the instrument is bought or sold at or near the end of an up or down price swing caused by daily or weekly price volatility. A swing trade position is typically open longer than a day, but shorter than trend following trades or buy and hold investment strategies. Swing traders engage in prospecting changes in an instrument's price caused by oscillations between its price being bid up by optimism and alternatively being sold down by pessimism over a period of a few days, weeks, or months.