Successful SWING TRADERS Making A Living | Forex Trader Motivation
Read Latest Stories Explaining Swing Trading Forex For A Living, Successful SWING TRADERS Making A Living | Forex Trader Motivation.
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In this Forex trader motivation video, you’ll be hearing the top advice from traders interviewed on the Desire To TRADE Podcast. Those are coming from some of the best full-time traders out there!
Watch other videos in this series: https://www.youtube.com/playlist?list=PLwmpbNUnTt6gKTyI6GqMI3LDeAMacq0Ao
Interviews used for this Forex trader motivation video:
– Raghee Horner: https://youtu.be/dqL0CdAR0qM
– Hardianto Sunoto: https://youtu.be/qujlGWAcQSI
– Paul Singh: https://youtu.be/PjwW1Ou4DK8
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// TRADING MUST-HAVE RESOURCES
Forex Broker: https://d2t.link/axitrader
Best Platform: https://desiretotrade.com/tradingview
Backtesting Tool: https://desiretotrade.com/soft4fx
VPS (for algo trading): https://desiretotrade.com/vps
Trading Journal: https://desiretotrade.com/journal
David Cutter Music – http://www.davidcuttermusic.com
Andrew Applepie – https://andrewapplepie.com/
// 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.
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.
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.
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The tripod I use: Sirui 3T-35K http://geni.us/lpJq
What I use to edit: Final Cut Pro (Mac)
Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn’t affect you in any way in the checkout process (I’m sometimes even able to arrange a discount for you that is special from other customers).
Swing Trading Forex For A Living, Successful SWING TRADERS Making A Living | Forex Trader Motivation.
Does swing trading job?
Swing trading is based on recognizing swings in stocks, products, and also money that happen over a duration of days. A swing profession may take a few days to a few weeks to work out. Unlike a day investor, a swing investor is not likely to make trading a permanent occupation.
- Needs less time to profession than day trading
- Makes best use of temporary revenue potential by catching the mass of market swings
- Investors can rely exclusively on technical evaluation, streamlining the trading process
- Profession positions go through overnight and also weekend market threat
- Sudden market turnarounds can result in significant losses
- Swing investors often miss out on longer-term fads for temporary market moves
Is day trading far better than swing trading?
Swing trading attends to a much bigger revenue potential than day trading. Generally you can shoot for a few percent points all the way up to 20% and also beyond. Because your timespan for trading is bigger your revenue targets are additionally better. This is where swing trading comes to be enjoyable.
The Daily Routine of a Swing Trader
Swing trading combines basic and also technical evaluation in order to catch memorable price movements while avoiding idle times. The benefits of this type of trading are an extra effective use funding and also higher returns, and also the disadvantages are higher payments and also even more volatility.
Swing trading can be difficult for the average retail investor.
The professional investors have a lot more experience, leverage, details, and also lower payments; nonetheless, they are limited by the instruments they are allowed to trade, the threat they are capable of taking on and also their huge quantity of funding. (Huge establishments sell dimensions also huge to move in and out of stocks promptly.) Educated retail investors can take advantage of these points in order to profit regularly in the marketplace. Below is what an excellent day-to-day swing trading routine and also strategy may look like and also you just how you can be in a similar way successful in your trading tasks.
What are the very best stocks for swing trading?
Facebook, Apple, and also Microsoft appropriate stocks for swing trading in particular market conditions. To see if swing trading makes good sense for you, take into consideration practice trading before taking the chance of genuine money.
Read Latest Stories Explaining Swing Trading Forex For A Living.