Swing trading is a mid-term strategy designed to identify and capitalize on market movements over a span of several days or weeks. This style is ideal for traders who cannot monitor the market constantly but want to benefit from larger price swings. Technical analysis and trend identification are key components of this approach.
Advantages:
- Requires less daily monitoring compared to shorter-term strategies.
- Potential for higher profits from larger market movements.
- Ideal for individuals with a full-time job or limited time.
- Less stressful compared to scalping and day trading.
Disadvantages:
- Requires patience and the ability to manage risks over longer timeframes.
- Risk of holding trades overnight or during market closures.
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