7 Steps to Swing Trading
The steps in Swing Trading
Hi Trader, are you happy to swing in forex trading? If you ever try to swing in Forex. You can do an exercise. The trend is unnecessary to understand and predict easily, rather than scalping.
My recommendation to schedule time is weekly, daily and 4 hours chart.
Here you can have the step to swing trading.
Step 1: IDENTIFY THE TREND
You should identify what is the trend in the market you are going in. Remember the trend is you friend. If you see the uptrend, just look for the buy, if you see the downtrend, just look for the sale.
Step 2: WAIT FOR PRICE MAKE RETRACEMENT
This is important if you want to reduce the risk of your stop loss. So buy at the bottom and sell at the top.
Step 3: FIND THE CRITICAL LEVELS
Find the area at the level of support and resistance, where few of the market price investment at the critical level.
Step 4: OBJECTIVE GAIN SETTING
Place target gains in the next support and resistance zone.
Step 5: ADJUST THE STOP LOSS
Stop loss can be 10 pip below the low candle for the purchase order. During 10pips from above of previous candle for sale order.
Step 6: SET BREAK EVEN
Pause, even if the benefits are working. To do this, you can make stop loss at 1pips higher or lower than the entry order. By doing this, eliminate the risk of price hitting your stop loss.
Step 7: WIN
Take half the profits when the price reaches 40pips at 50pips. Let the price go and beat the target earnings.
To Maximize Your Profits, I highly recommend you to have this SECRET, Please Learn Click Here
Keep practicing, you will. I wish you good luck in your trade.
Thank you.
Hi Trader, are you happy to swing in forex trading? If you ever try to swing in Forex. You can do an exercise. The trend is unnecessary to understand and predict easily, rather than scalping.
My recommendation to schedule time is weekly, daily and 4 hours chart.
Steps to Swing Trading
Step 1: IDENTIFY THE TREND
You should identify what is the trend in the market you are going in. Remember the trend is you friend. If you see the uptrend, just look for the buy, if you see the downtrend, just look for the sale.
Step 2: WAIT FOR PRICE MAKE RETRACEMENT
This is important if you want to reduce the risk of your stop loss. So buy at the bottom and sell at the top.
Step 3: FIND THE CRITICAL LEVELS
Find the area at the level of support and resistance, where few of the market price investment at the critical level.
Step 4: OBJECTIVE GAIN SETTING
Place target gains in the next support and resistance zone.
Step 5: ADJUST THE STOP LOSS
Stop loss can be 10 pip below the low candle for the purchase order. During 10pips from above of previous candle for sale order.
Step 6: SET BREAK EVEN
Pause, even if the benefits are working. To do this, you can make stop loss at 1pips higher or lower than the entry order. By doing this, eliminate the risk of price hitting your stop loss.
Step 7: WIN
Take half the profits when the price reaches 40pips at 50pips. Let the price go and beat the target earnings.
To Maximize Your Profits, I highly recommend you to have this SECRET, Please Learn Click Here
Keep practicing, you will. I wish you good luck in your trade.
Thank you.
