Image via WikipediaSwing traders-if you are interested in swing trading, any sort of trade is going to be based on a long-term trading strategy. This is where you are going to be using trading software, or even indicators like price levels, Bollinger bands, stochastic indicators etc. You may also calculate the momentum over a longer term period, before you make any sort of decision to buy or sell.Short-term trading strategies — A day trader normally uses beneficial and profitable short trading strategies. He also looks at instantaneous signals for profitable trading. The idea is to get into the market as quickly as possible, when the currency is riding a strong wave. Sell that particular currency, make a quick profit and buy a weaker currency. This trading strategy and plan is going to implement the use of the right momentum. An experienced FX trader is also going to recognize profitable price patterns, based on his experience. A number of traders look at short-term trading frames, and do their business transactions on retracements, price levels and Fibonacci.
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