Day Trading vs Swing Trading
When you first decide to give Forex trading a go there’s two big decisions you need to take early on to determine which path you’re going to go down. Firstly you need to decide whether you’re going to be a technical or a fundamental trader. That decision generally makes itself nowadays with almost everyone (particularly home/retail traders) focussing on technical trading and giving very little time to the fundamentals.
The next decision you need to make and the topic I’m going to look at here are whether to focus on day trading or swing trading. I would say that the majority of new traders try to get into day trading because it seems the most logical way to pursue trading as a full-time career since it can be treated like a 9-5 job in many ways.