If you're a novice trader sometimes the easiest forex trading strategy to use is a swing trading strategy as it overcomes two problems that most novice traders face but cant overcome.
By using a swing trading strategy not only can you access these problems, you can give yourself a great chance of currency trading success.
Let's look at this forex trading strategy in more detail
Most novice traders lack patience and they think the more they trade the better.
Most go for forex day trading which is probably the best way to lose money you can get –. Day trading simply does and can not work, due to the fact all short term volatility is random.
You can never get the odds in your favour and you can never win –. PERIOD.
Other traders however lack patience when long term forex trend following –. They simply can not accept the profits it wants to give them!
We all want profits –. When you sit on a long term trade and see open equity dips of thousands of dollars the temptation to take it's huge and most novice traders bank profits far to soon.
If you're forex trend following you need to take a bit more risk and that means hanging on for longer term gains.
Most traders simply don't have the patience and discipline to do this and it's hard even for pro traders.
Swing trading when incorporated in a forex trading strategy overcomes the problem.
you're looking at making profits in periods of 3 days to a few weeks. you're never holding a…