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    Swing Trading: Simplified - The Fundamentals, Psychology, Trading Tools, Risk Control, Money Management, And Proven Strategies: Stock Market Investing for Beginners Book, #2
    Swing Trading: Simplified - The Fundamentals, Psychology, Trading Tools, Risk Control, Money Management, And Proven Strategies: Stock Market Investing for Beginners Book, #2
    Swing Trading: Simplified - The Fundamentals, Psychology, Trading Tools, Risk Control, Money Management, And Proven Strategies: Stock Market Investing for Beginners Book, #2
    Ebook181 pages2 hours

    Swing Trading: Simplified - The Fundamentals, Psychology, Trading Tools, Risk Control, Money Management, And Proven Strategies: Stock Market Investing for Beginners Book, #2

    By Mark Lowe

    4.5/5

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    About this ebook

    If you want to make money swing trading then keep reading...

    Do you want to start investing in the financial markets? Do you think you can be a successful trader? Do you want to make great profits and exponentially increase your longevity in the market?

    If so, swing trading may be the opportunity you are looking for. With a little bit of risk tolerance, along with a strong desire to hold on to your money, then swing trading is a great opportunity to enter into financial trading and start generating healthy profits, and this is the book you have been looking for.

    Inside you will discover:

    • Swing Trading basics – what it is and how it works
    • What financial securities to trade in
    • How to manage your funds when swing trading
    • How to make a trading strategy that fits you
    • How to analyze financial chart patterns effectively
    • Ways to maximize your profits and minimize your risk
    • How to swing trade successfully
    • And much more!

    Swing trading can come with a bit of risk, but once you become skilled at it, it has the potential for an amazing profit. And following the guidance in this book should help you feel much more comfortable and safer.

    If financial trading is something you are interested in pursuing then read this book before you take the plunge, as it may very well save you a lot of money and heartbreak—and it might also make you a lot of money!

    So scroll up, click "Buy Now" and start swing trading the right way, today!

    LanguageEnglish
    PublisherMark Lowe
    Release dateJan 6, 2020
    ISBN9781393533818
    Swing Trading: Simplified - The Fundamentals, Psychology, Trading Tools, Risk Control, Money Management, And Proven Strategies: Stock Market Investing for Beginners Book, #2

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      Book preview

      Swing Trading - Mark Lowe

      Swing Trading Simplified

      The Fundamentals, Psychology, Trading Tools, Risk Control, Money Management, And Proven Strategies

      © Copyright 2019 - All rights reserved.

      The content contained within this book may not be reproduced, duplicated or transmitted without direct written permission from the author or the publisher.

      Under no circumstances will any blame or legal responsibility be held against the publisher, or author, for any damages, reparation, or monetary loss due to the information contained within this book. Either directly or indirectly.

      Legal Notice:

      This book is copyright protected. This book is only for personal use. You cannot amend, distribute, sell, use, quote or paraphrase any part, or the content within this book, without the consent of the author or publisher.

      Disclaimer Notice:

      Please note the information contained within this document is for educational and entertainment purposes only. All effort has been executed to present accurate, up to date, and reliable, complete information. No warranties of any kind are declared or implied. Readers acknowledge that the author is not engaging in the rendering of legal, financial, medical or professional advice. The content within this book has been derived from various sources. Please consult a licensed professional before attempting any techniques outlined in this book.

      By reading this document, the reader agrees that under no circumstances is the author responsible for any losses, direct or indirect, which are incurred as a result of the use of information contained within this document, including, but not limited to, — errors, omissions, or inaccuracies.

      Table of contents

      Introduction

      What is Swing Trading?

      Chapter 1 - Introducing Swing Trading

      What is Swing Trading?

      Types of Financial Traders

      Swing Trade Opportunities

      How Much Do You Need to Start Trading?

      Chapter 2 - Fund Management

      Basic Fund Management Principles

      Developing a Trading Strategy

      Know When to Exit a Trade

      Know How Much to Trade

      Knowing How to Identify a Trade

      Bet With the Trend

      Charts Can Be Ambiguous

      Analyze Your Trades

      Know When to Enter a Trade

      Entering the Market

      Chapter 3 - Knowing What Financial Instrument to Trade

      The Financial Market

      Factors in Selecting Financial Instruments

      Top Five Financial Instruments

      Conclusion

      Chapter 4 - Learning the Fundamentals of Financial Trading

      Choosing a Broker

      Understanding the Types of Orders

      Chapter 5 - Performing Fundamental Chart Analysis

      Support and Resistance

      Moving Averages (MACD)

      Relative Strength Indicator (RSI)

      Things to Note

      Chapter 6 - Reading Financial Charts

      Understanding the Trading Signals

      Moving Average Types

      Oscillators

      Purpose and Use in Technical Analysis

      Using Trading Signals

      Pros and Cons

      Popular Oscillator Types

      Chapter 7 – Reading Candlestick Charts

      Candlestick Formations

      Long and Short Shadows

      Doji

      Doji and Trend

      What Candlesticks Don’t Tell

      Candlestick Positions

      Star Position

      Hammer and Hanging Man

      Inverted Hammer and Shooting Star

      Long Shadow Reversals

      Blending Candlesticks

      Chapter 8 - Chart Pattern Analysis

      Double Top & Double Bottom

      Double Top

      Double Top Breakdown

      Double Bottom

      Head and Shoulders

      Inverse Head and Shoulders

      Wedges

      Rising Wedge

      Falling Wedge

      Rectangles

      Bearish Rectangle

      Bullish Rectangle

      Symmetrical Triangle

      Trading Using the Chart Patterns

      Continuation Chart Patterns

      Bilateral Chart Patterns

      Chapter 9 - Technical Chart Analysis

      T-30 Chart Pattern

      How to Trade This Pattern

      The Stop Loss Order

      Taking Profits

      Swing Trap Chart Pattern

      The Setup

      Trading tips

      Conclusion

      Introduction

      Swing trading is a technique used in financial trading where the trader focuses on a longer—typically several days to several weeks—trading period than a day trader, and a shorter trading period than an investment trader. As its name suggests, the swing trader will generally focus on a single swing in the price trend whether that be in a positive or negative direction. This focus on a single swing in price direction allows the trader to concentrate on forecasting short-term price trending behaviors by using techniques such as price chart analysis, oscillators, and candlesticks.

      In this book we will strive to educate you on the key principles required to be a successful swing trader in the financial market: Fund management, selecting the right security to trade, price forecasting strategy, and chart pattern recognition.

      This book is designed for beginners who want to learn the skills of swing trading, with a primary focus on low risk as well as great technical strategies that will help you profit!

      Chapter 1 - Introducing Swing Trading

      What is Swing Trading?

      As stated earlier, swing trading is a technique used in financial trading where the trader focuses on a longer—typically several days to several weeks—trading period than a day trader, and a shorter trading period than an investment trader. As its name suggests, the swing trader will generally focus on a single swing in the price trend whether that be in a positive or negative direction. This focus on a single swing in price direction allows the trader to concentrate on forecasting short-term price trending behaviors by using techniques such as price chart analysis.

      Types of Financial Traders

      There are three main categories for financial traders: Institutional traders, retail traders, and market setters.

      Institutional traders work (as the name suggests) for large financial organizations that trade in heavy volumes. Because of their financial clout, they can have a huge effect on the market’s direction.

      Retail traders are smaller in size and make relatively small trades through a broker; this is the group that beginners like you will be classified in. As a beginner, you shouldn’t need to concern yourself too much with either the institutional or the market setters, as you will be playing to different strategies to the big market traders.

      Market setters are big-time traders who will make very large trades typically outside of normal business hours because they want to set the prices for stocks and indexes. However, as a beginner swing trader, you are unlikely to be affected by the market trend setters’ influences, as you will likely be trading in lower cost stocks or options. However, if you are trading in currencies and derivatives, then market setters are an integral component of the system. This is because banks and governments will always be very influential in their currency’s trading value being maintained between ideal thresholds.

      There are also three types of traders: An investment or position trader, who takes a long-term position on a stock or currency, for example, expecting to make a long-term profit; a swing trader, who takes a medium-term position, which is typically days to weeks; and the day trader, who works for a few hours at most on any given day, and closes all trades at the end of each day.

      Now, all three of these types of traders require distinct skills, strategies, and tools. As we are focused only on swing trading in this book, we will confine ourselves to the swing trading niche. However, it is well worth knowing what the key differences are between the three types. An investment trader will take long-term positions only after they have done extensive research on the financial instrument in question, such as the company’s stock and its financial health. An investment trader typically works for wealthy clients or large institutions, such as fund and wealth managers.

      Day traders, on the other hand, are a mix of institutional and retail traders, as these are the ones who trade on those short fluctuations in prices. Day trading requires incredible focus, heavy financial reserves, and nerves of steel. Day trading is a high-risk environment, as things can and do go wrong very quickly—of course, they can also go very right just as quickly, so it can bring very high rewards.

      Finally, swing trading falls somewhere between the highly methodical, diligently researched, and knowledge-based decision-making in the field of investment trading to the highly dynamic, frenetic, high-risk, gut-feeling decision-making of the day trader.

      Consequently, as a beginner swing trader, you can have the best of both worlds. What this means is that you will be spared some (but certainly not all) of the traditional research, stress, and high risk. However, you also do not have all of the investment security or potential high-profits, so you will also fall somewhere in between the other two trading disciplines.

      Swing Trade Opportunities

      There are many opportunities and potential markets for swing trading. Probably the most popular financial markets are stocks and shares, currencies, indexes, cryptocurrencies, and options. These trading entities are called financial instruments. However, there are many others such as futures, commodities, and many types of derivatives. A derivative is a financial instrument that accumulates its value from the components that it is built upon, such as a group of diverse stocks. In short, there are no limits to the number of financial instruments that are available for swing trading. After all, the money markets are continually dreaming up new trading instruments because that is how financial markets traditionally make their money and compete with the opposition.

      In this book we will cover most of these financial instruments and their markets from the perspective of the beginner retail trader.

      How Much Do You Need to Start Trading?

      This is the first question that many beginners ask so it is important to get it out of the way early, as many beginners have unrealistic expectations. Unfortunately, the answer is often, Well, it depends. The trouble is it depends so much on your own expectations, appetite for risk, and the time and financial commitment you are willing to make. Generally, a swing trader will need a minimum of around $5,000 to have any realistic prospect of longevity in the market. This is not as

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