FX Swing Trading - A Simple Strategy Which Makes Big Profits in 30 Minutes a Day

FX Swing Trading - A Simple Strategy Which Makes Big Profits in 30 Minutes a Day

In this article, we will look at swing trading, this method of trading is easy to understand and can be learned quickly. If you want to make big profits in around 30 minutes a day then currency swing trading can help you do just that - Let's take a look at it in more detail.

On any chart of a currency, you will see price spikes where the price accelerates away from the trend and then, they ALL quickly fade. This is human emotion at work, traders push prices to far to quickly when emotion takes hold and then prices quickly fall back to more realistic value.

The aim of the swing trader is to sell into these price spikes and make a quick profit as the currency comes back to fair value.

Price spikes always occur and they always fall back and the aim of the swing trader is - to sell the spike and make a quick profit. Now we will look at a simple currency swing trading strategy you can use right now and if you use it correctly, it can make you triple digit gains.

1. Look on your price charts for a quick acceleration in price which creates a sharp move to the upside.

2. When you have spotted a move, you need to look and see how overbought it is and to do this you need some momentum indicators. These are indicators which will tell you visually if the currency is overbought and how overbought it is. You learn to use these indicators in a day and good ones to take a look at are - The RSI, stochastic and MACD.

3. When the currency is overbought simply wait for momentum to turn down and sell the currency. When a price spike occurs, prices will rise and so will momentum - but when momentum turns down and prices continue going up, you have a signal that the spike is about to exhaust itself.

4. The key to using this strategy is not just to look for overbought currencies but currencies that are at extremes in terms of the last few months trading on the daily chart. The concept is the bigger the rise and the more overbought the currency is the bigger the fall.

5. Put your stop in above where you have sold and look to buy just above the next level of support. Note - You buy just above the level and don't wait for a test because you could get a rebound back up, so get out before the test of support and bank your profit.

A Simple Strategy which Works and Always Will

The above strategy is extremely simple but all the best strategies and systems are. If you swing trade extremes, you will get a few good signals a week and this will be enough, to make you huge gains in around 30 minutes a day. If you want a great way to make big profits, there is no better method than currency swing trading.

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