Get this Ultimate Swing Trading Software FREE just now! Meet the Ultimate Swing Trader: Mark Soberman and learn this 10 minutes a day highly profitable Swing Trading Strategy that works for forex, stocks, futures and options. Swing trading can be the perfect complement to your day trading strategy. One of the most valuable benefits of adding a swing trading strategy into your trade plan is it gives you the freedom to spend your time the way you want to. Learn Swing Trading into profits in just 10 minutes every day! Why waste time trading all day? Are you craving more info on how you can add swing trading to your trade plan?
I was in the Ultimate Swing Trader Official Release Webinar yesterday. Mark actually shared the foundation of his swing trading strategy and I saw the charts with my own eyes. It blew me away (I’m sure it did the same for you).If you still have questions and didn’t make it to the webinar, or need to see it again. You can watch the Swing Trading Webinar Replay just now! Still have questions, all you need to do is:
*Attend the Swing Trading Q & A Webinar Tuesday, February 2nd at 8:00pm EST/5:00pm PST
*Get your questions answered by the developers & expert coaches
Learn Swing Trading! Watch the swing trading videos on the Ultimate Swing Trader Blog. They’ve never offered a swing trading training course like this before. It will be four (4) intensive weeks of nothing but pure UST training by the experts themselves – rules, setting up your workspace, walkthroughs, and more. You’ll learn it all live and right from the horse’s mouth. If you’re ready to start swing trading in as little as 10 minutes a day, you better get over to the Swing Trading Order Page NOW to secure this price. There is no telling how long the instant rebates will last!
Determining your trading style is very important right from the beginning. Not knowing what type of a trader you are can make or break your trading career. Take the analogy of a cricket team. There are 11 players in each team in the match. All players are talented and super fit. Everyone can throw and catch the ball. However some are more skilled at balling. Others are more skilled at batting. If the baller is going to do the job of the batter, not many runs will be made and the match will be lost. Investing in the markets is also the same. It depends on your personality makeup what type of trading is best suited to you. In general there are three types of trading: Positions trading, swing trading and day trading.
Position Trading is generally the buy and hold strategy of investing in stocks over a long haul. In currency trading, position trading means you are in a trade for many months. Usually positions traders are in a trade for a large long term move like when you carry trade. Options traders can also be position traders through covered calls. Swing trading is possibly the most dynamic of the three types of trading as the swing trader is able to switch up holding times quickly as the market demands. Swing Trading means taking short term positions in anticipation of quick market movements over a series of days or weeks. Swing traders take advantage of technical and fundamental analysis.
In Day Trading, you attempt to capitalize on intraday movements with the markets often trading on momentum and news. Day traders are also known as Kings of Stress. Day trading is not easy and it is certainly not a hobby. Sometimes when the positions warrants holding for a longer period, day trading can become swing trading! Day trading is ideal for those who are able to handle erratic market movements while actually also having time to monitor the positions throughout the day. You should note that if you dont have time to watch your trades every moment, you should not think of day trading. Day trading is the riskiest of the three trading styles.
You Should Know That Swing Trading Is a Better Alternative to Day Trading. Day trading hardly ever ends up well! Only 10% of the day traders succeed. Many people are attracted to the glamour and excitement of day trading. Most day trader usually blow up their accounts and fade away soon especially if the trader has no previous professional trading experience. Swing trading can be on the other hand a much more effective trading style especially if you are a newer trader. By holding positions overnight and even for a few weeks, you can expose less money for larger moves. If you are a new trader, think about it for a moment. In case of currency trading, the cost of trading is hidden in the bid/ask spreads offered by the broker. Day traders often rake up major commissions charges if they are trading stocks which makes it that much more difficult to beat the overall market. In the end, if you are unable to breakeven, you cannot survive long in day trading. So the more you day trade, the higher your trading cost will become.
Swing trading also entails facing stiff trading cost. These trading costs come in the shape of spread in case of currencies or commissions per each trade if you are trading stocks. But these trading costs are nothing as severe in swing trading as in day trading. Price action spans several days to several weeks in swing trading. Market fundamentals can come into play to a larger degree in swing trading as compared to day trading. Day to day currency movements are due less to market fundamentals and more to short term supply and demand of currencies or shares. Swing trading can also generate higher potential profits on single trades because the holding period is longer than in day trading.
There is a misconception that day trading can be taken as a hobby. Day trading demands lots of attention and time commitment from you. It is stressful and a winning position can turn into a losing one within seconds. You have to have strong nerves, if you want to permanently take on day trading. Swing trading with an eye on earning additional income or improving the returns on your portfolio is less stressful than swing trading for a living. Currency markets are open 24/5. You can trade anytime of the day. You can enter or exit a position even late hours. Swing trading currency markets can be very profitable. Now the good thing about swing trading is that you can take it full time or part time.
Part time swing trading means doing market analysis when you get home from work! After you have done your analysis and made your trading plan, you can implement trades the following day! You can enter stop loss orders to protect your capital even though you may not be able to watch the market all day. You should first go through this phase of part time swing trading first if you eventually want full time swing trading. Swing trading part time is suitable for you if you have a full time job but can devote a few hours a week to analyzing markets and securities or currencies. You should have a passion for financial markets and short term trading. If you are achieving subpar results in your current investment portfolios from your financial advisors or third party then you can take up part time swing trading.
Again swing trading is not for fun. Part time swing trading is for you if you are not a gambler. Swing trading is for you if you dont take undue risks like doubling down your positions after a losing trade. You should also have the discipline to consistently place stop loss orders. By swing trading instead of day trading, you are able to commit less capital to the markets to reach extraordinary gains. At the end of the day, when it comes down to is the fact that you need to determine your trading style before you become serious in trading. Become the Ultimate Swing Trader!
Hassam 