About Swing-Trading Software

Video Transcript

"This is financial advisor Patrick Munro, talking about swing trading software. Individuals that wish to trade stocks, many times, are aware of terms such as day trading and that's where it ends. Well in fact, day trading is very, very risky because positions change on a day-in day-out basis. For those of you that wish to take less risk you can place a position with the help of software; most specifically swing trading software, whereby you take a position either weekly or monthly, or in fact yearly, although that's rare, with a stock. The software will help you, most popularly, take a position weekly or monthly on a position of a stock and track the movement of that stock. Basically, the software relies on the following theory, the trend is your friend. If a financial stock is being hammered by government policy, etc, then you may want to trade that stock down in the hopes it'll fall even farther. If there is some good news with the underlying stock the swing trading software will help you move in a positive direction to make money. This is financial advisor Patrick Munro, talking about swing trading software."