Nigeria
2025-01-29 15:21
IndustriWhat is Swing Trading in Forex?
Swing trading in Forex is a trading strategy where traders aim to profit from short to medium-term price fluctuations ("swings") in the currency market, holding positions for a few days to several weeks, by identifying and capitalizing on trends and potential reversals within a larger market movement, as opposed to day trading which focuses on intraday price changes; essentially, swing traders "ride the wave" of a trend by buying at lower points (swing lows) during an uptrend and selling at higher points (swing highs) during a downtrend.
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What is Swing Trading in Forex?
Nigeria | 2025-01-29 15:21
Swing trading in Forex is a trading strategy where traders aim to profit from short to medium-term price fluctuations ("swings") in the currency market, holding positions for a few days to several weeks, by identifying and capitalizing on trends and potential reversals within a larger market movement, as opposed to day trading which focuses on intraday price changes; essentially, swing traders "ride the wave" of a trend by buying at lower points (swing lows) during an uptrend and selling at higher points (swing highs) during a downtrend.
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