Continue reading...We take a basic look at what Swing Trading is and how to use it in trading.
Trading CategoriesIn our opinion, there are three broad categories that can be used to classify all trading methods. These categories are based around the amount of time a speculator holds his or her position in the market. These classifications are described below:
Short-term – Traders hold positions from a matter of seconds to several hours but rarely longer than 1 day. Examples: Day Traders: Scalping, momentum breakouts.
Medium-term – Once a position is held for longer than one day it can be classified as a medium term or swing trade. Traders hold positions from several days to weeks. Examples: Technical and fundamental swing traders.
Long-term – Traders hold on to positions for weeks, months and even years. Examples: Position trading, investing.
There is no rule to say that you must constrict yourself to only one classification. It will probably be the case that you will try...
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