What is swing trading?

Swing trading is a short to medium-term trading strategy used in financial markets where traders aim to capture gains from price movements within a timeframe ranging from a few days to several weeks. Unlike day trading, which involves buying and selling assets within a single trading session, swing traders hold positions for longer durations, typically capitalizing on short-term price fluctuations or 'swings' in the market. Swing traders employ technical analysis tools such as chart patterns, indicators, and trend analysis to identify potential entry and exit points, aiming to profit from both upward and downward price movements in the market.

Great post! While technical analysis is a valuable tool for swing trading forex, incorporating fundamental factors like central bank policy announcements or economic data releases can further strengthen your entry and exit signals. Especially in the currency market, these events can significantly impact short-term price swings. Just a thought!