Swing traders don’t let their emotions influence their trading and pay strict attention to pure price action to help them determine their next trade.
Swing traders are technical in nature, they are ignoring the noise of breaking news and focus only on price action and trends. They look to get the most out of price swings in the markets, when prices are in trend or when there are reversals in prices.
Main features of swing traders:
- they ignore breaking news
- they focus on price action and trends
- highlight specific entry and exit points
- look for definitive trends and reversals in prices