Read New Posts Explaining Learn Swing Trading Forex, Walter Peters: Naked Forex & Swing Trading Like A Pro | Trader Interview.
Walter Peters: Naked Forex & Swing Trading Like A Pro | Trader Interview
FREE: The Complete Price Action Strategy Checklist
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Show notes: https://www.desiretotrade.com/125/
In episode 125 of the Desire To Trade Podcast, I interview Walter Peters. Walter is a full-time Forex swing trader as well as the author of the well-known trading book Naked Forex.
Forex Trader Community (Facebook Group): http://bit.ly/2esoMYj
// About Me
My name is Etienne Crete (from Montreal, Canada). I’m a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
What you must know: I’m all for trading foreign exchange, but I think freedom is much more important than time spent in front of your computer.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That’s why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you’re good at.
// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
// You Might Also Like…
This Guy Tells You Exactly How To Trade Forex Full-Time And Make A Living! – https://www.youtube.com/watch?v=P6H6VHP5fX0
I Met Up With A Professional Trader Today (Invaluable Advice)! – https://www.youtube.com/watch?v=svkcsO2vzys
How To Create Your Forex Trading Strategy & Make It Profitable… As I Explore West Lake In Hangzhou – https://www.youtube.com/watch?v=Zb5X7k2JanY
Complete Trading Strategy With The Engulfing Pattern – Price Action – https://www.youtube.com/watch?v=WqTrn92CFBw
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Learn Swing Trading Forex, Walter Peters: Naked Forex & Swing Trading Like A Pro | Trader Interview.
Does swing trading work?
Swing trading is based on determining swings in stocks, commodities, and currencies that happen over a duration of days. A swing trade may take a couple of days to a few weeks to work out. Unlike a day investor, a swing trader is not likely to make trading a full-time occupation.
Pros
- Requires less time to profession than day trading
- Makes best use of temporary profit potential by recording the mass of market swings
- Traders can count specifically on technical evaluation, simplifying the trading process
Cons
- Profession placements undergo overnight and also weekend break market threat
- Sudden market turnarounds can lead to substantial losses
- Swing traders usually miss out on longer-term patterns for temporary market moves
Is day trading better than swing trading?
Swing trading provides for a much larger profit capacity than day trading. Usually you can aim for a few percentage factors completely approximately 20% and past. Since your timespan for trading is bigger your revenue targets are also greater. This is where swing trading comes to be fun.
The Daily Regimen of a Swing Trader
Swing trading combines essential and also technological analysis in order to capture special cost motions while preventing idle times. The advantages of this kind of trading are a much more reliable use of resources and also higher returns, and the downsides are greater commissions and also even more volatility.
Swing trading can be challenging for the typical retail trader.
The expert traders have much more experience, leverage, information, and also reduced payments; however, they are restricted by the instruments they are enabled to trade, the threat they can handling and also their large amount of capital. (Big establishments sell dimensions too large to move in and out of supplies swiftly.) Experienced retail investors can make the most of these things in order to profit constantly in the industry. Right here is what a great everyday swing trading routine and approach could look like as well as you just how you can be likewise effective in your trading activities.
What are the very best supplies for swing trading?
Facebook, Apple, as well as Microsoft appropriate stocks for swing trading in particular market conditions. To see if swing trading makes good sense for you, take into consideration method trading before taking the chance of real cash.
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