Any market has two main states: pronounced directional movement up or down (the so-called trend movement) and flat - sideways price movement. Counter-trending strategies involve opening positions before a potential price reversal. But theory says that “trend is a trader’s friend,” and counter-trending tactics are a way to lose your deposit quickly.
According to the swing trading definition, it is one of the types of trending tactics that involves opening positions in the direction of price movement at the bottom of local rollbacks. This trading model is attractive because, with strict adherence to risk management rules, the number of loss-making trades to profitable ones is relatively small, and the strategy itself is easy even for a novice trader.
According to the swing trading definition, it is one of the types of trending tactics that involves opening positions in the direction of price movement at the bottom of local rollbacks. This trading model is attractive because, with strict adherence to risk management rules, the number of loss-making trades to profitable ones is relatively small, and the strategy itself is easy even for a novice trader.
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