How to Learn Swing Trading

Video Transcript

"This is financial adviser Patrick Munro talking about how to learn swing trading. Swing trading is a form of trading that is more short term, it's not long term investing, it's not day trading but rather it is a on a monthly basis or a weekly basis looking at how the trades on stock move on that time frame. A swing trader will place a position and watch it like I said on a weekly basis, sometimes on a monthly basis, but it's in that intermediate mode that they will either leave a position and exit with a profit or in fact take their lumps and if they have made the wrong decision on the velocity of a stock, they will lose the trade. But that is the risk that they run and if you've researched your stock correctly, you can profit from it and it's all about knowledge. Knowledge is power and that's basically how you take advantage of swing trading. If you look at day trading, know it's a much more volatile situation on a shorter time frame. So many people that don't have the stomach for day trading will then step over to swing trading as an opportunity to participate in the trading markets. This is financial adviser Patrick Munro talking about how to participate in swing trading."