Wednesday, 29 April 2009

THE ART OF SWINGING: CAN YOU HANDLE IT

No not that, i'm referring to trading. It really does sound like the easiest thing in the world...you sell when everyone is buying and buy when everyone is selling?..No..ok..not quite....but the principle of how i swing trade is similar.

Firstly, i look out for weakness in a swing and once i have a technical reason..For example, i start buying when the market might still be selling. I have to be able to take the drawdown. It is impossible to always pick the top or bottom of swings, but you can pick areas close to tops or bottoms.

The key is patience and a calm head. If your bias is correct - it pays handsomely..if not then you will be in the dog house for a while. When do you get out of a bad trade?..well it depends on what pair you are trading and how much you want to risk.


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