Best Forex Swing Trading Tips For Traders

          Trade Like A Pro Good Swing Forex Trader

1. Swing trader must know trading is a probability game.  There is no 100% successful wins.
2. It’s ok to lose trade opportunity than losing your capital.
3. Swing trader must manage his psychology such as his Emotion – greed and fear.
4. Swing trader must have a strong discipline and be very patient to wait for the right signal to appear.
5. Learn swing trading technique from an experience swing trader.
6. Swing trading skills set is acquire through constant learning, making mistakes, trading practice, experience in the market and the right mindset.
7. Swing trader must learn to read stock charts, indicators, pattern formation, candle stick patterns, follow trend (market direction) and support & resistance.
8. Swing trader must follow and practice Money and Risk Management strictly.
9. Swing trader must know how much he can afford to lose.
10. Swing trader must know his target profit.
11. Swing trader must not over trade and limit to 3-5 open position.
12. Swing trader must plan his stock trading entry & exit.
13. Swing trader must have a stock trading system or plan.
14. Swing trader must follow the successful rules that he has set up.
15. Swing trader must learn to automate his stock trading.
16. Swing trader must have a proper record of his stock trading. Do a Profit and Loss Statement of his stock trading.
17. Swing trader must treat stock trading like running a big business; he is his own boss and employee.
18. To be a good Swing trader, he must spend at least 10,000hrs to look at the chart and do technical analysis.
19. Swing trader must trade the stock that he know well and be focus and selective in his stock counter.
20. Look for low stock trading commission brokerages.
21. Swing trader must learn what are CFDs and margin trading advantages and disadvantages.
22. Swing trader must choose a good stock trading platform that allows him to have a system to automate his trade.
23. Swing trader must not stare and glue to his stock trade and check it after market is closed, if possible.
24. Swing trader must follow the trend – Long when the market is generally bullish and short when market is confirm bearish.
25. Swing trader must understand what is long term stock investing and what is short term stock trading.
26. Swing trader must separate and manage his long term stock investing and short term stock trading.
27. Swing trader must attend stock trading courses.
28. Swing trader must look for a stock trading mentor.
29. Swing trader must understand the various trading market opportunity such as Forex, Options, commodity and Futures.
30. Greed when others are fearful and fear when others are greedy.
31. Most important know what is your dreams and aim for it.