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Swing trading can be one of the most effective methods for trading the Forex markets, but there are many different strategies available and choosing the right one is not always easy. In this article I hope to clear up some of the confusion and give you some insight into the most popular strategies used by professional swing traders.

The basic definition of Forex swing trading is to buy at the end of a down swing or sell at the end of an upswing. All swing trading strategies consist of the following 2 components: (1) A method for identifying the end of a swing (called the swing reversal) and (2) A method identifying which swings to trade and which to avoid.

[ Click Here to Visit My Recommended Swing Trading Course ]

Identifying the End of A Swing

There are various methods that traders use to identify the end of a swing or the signs of a swing reversal. Some traders use indicators like the MACD for this purpose, but the most successful swing traders usually rely on pure price action for the most reliable signals. Certain price patterns give very clear indications that a swing reversal has occured and these signals are usually much more reliable than any indicator. For the highest probability swing trades, I definitely recommend that you choose a strategy that is based on price action as well.

Identifying Which Swings to Trade

In general, the best swing trades are those that are taken in the direction of the main trend, just after a retracement. For example, in the diagram below you would look for swing reversals signals in the areas where I drew the blue circles.

In this case you will be looking to buy at the end of the downswings and the downswings are the small retracements that occur before each big move in the direction of the trend.

Recommended Swing Trading Course

I have bought and tested several Forex courses that teach swing trading strategies, but the one that impressed me by far the most is Hector Deville’s Learn Forex Live video course. Hector not only teaches you a very effective swing trading strategy, but you will also learn a variety of other strategies like breakout trading, news trading, support and resistance trading and various others. Hector’s swing trading strategy is based on sound price action principles and the quality of his training material is second to none.

Even if you don’t purchase the full Learn Forex Live course, I highly recommend that you subscribe to get his free trading strategies. Over the course of a number of free videos, Hector gives away 2 detailed trading strategies that are really worth learning. Read my full Learn Forex Live Review or use one of the links below for more information about Hector’s course.

[ Click Here to Learn More About the Learn Forex Live Course ]
[ Click Here For Hector's Free Trading Strategy Vidoes ]