Day Trading Vs Swing Trading
by John on 16/11/08 at 7:23 pm
Which is the best way to make money on Forex? Day trading or swing trading?
Both methods have advantages and disadvantages. Usually beginners think they can day trade or swing trade, but they can trade both.
Day trading takes much more time and dedication than swing trading. Day traders need to be highly informed and stay on top of the markets all the time. They need to trade for at least 4 hours a day, so if you have a full time job, it would be difficult to master day trading.
Swing traders usually base their trades on daily charts. So, they can trade on part time.
Swing traders tend to trade for the larger movements on the market, so on a single trade they can make good profits.
Day trade and Swing trade can be highly profitable. You simply need to decide what best suits your personality and schedule and then do it.
