Swing trading is one of the most common trading strategies among traders looking for quick profits over a few days or weeks. This strategy relies on taking advantage of short to medium-term market 'swings', where assets are bought at support points and sold at resistance, or vice versa.
Swing traders heavily rely on technical analysis, utilizing indicators like RSI and MACD, as well as candlestick patterns to determine the best entry and exit points.
This method is suitable for those who do not have time for day trading, but it requires discipline and patience.
Success in swing trading requires a clear plan, good risk management, and not being swayed by emotions.
📊💡 Are you ready for a smart swing in the market?