Price Action Trading 1
While there are many strategies a Forex trader can employ to try and extract a profit from the markets, Swing Trading is one of the more interesting approaches.
Momentum tends to be the backbone of methods such as Scalping or day-trading.
For those traders that prefer to take a more laid back approach and work off the higher time frames, then knowing what's happening with the major economies of the World is a crucial skill.
Swing Trading on the other hand is interesting because it's a particular type of trading that can be done no matter what the markets are doing. It is not dependent on long-term trends or explosive moves and as such can be traded relatively stress-free. (more…)