Before you continue with this post check out my blog on "What is Swing Trading".
Want to start swing trading? As a beginner, I am aware, you are probably feeling lost about where to start with it. It’s not the best feeling; I know! I was in your place many, many years ago.
But all is not lost; I will give you a quick guide with the steps needed to start swing trading. Hopefully, this guide will allow you to avoid typical beginner’s mistakes and earn money along the way.
For starters, try to find one or two simple trading strategies (eg: trading the break-out or break-down). You can learn the complex ones as you gain more experience but in trading; I find it’s best to K.I.S.S.
What Is Swing Trading?
Bear with me; it’s the writer in me that takes you through these loop holes before getting to my point but I promise it will be worth it!
When I first started out in the world of ‘investing’ some 15 years ago; the philosophy that flooded the Internet was that of the great, “Warren Buffett” and rightfully so! The man is a billionaire many times over. Net worth is currently 77.1 Billion!! It then makes sense why he is associated with “successful investing”.
Stock market keywords fly around the stock market community all the time; as a trader (newbie or seasoned) it makes sense to know them; if you want to partake in conversations and not come off completely out of touch. Find below stock market keywords I believe every trader should know. This is NOT an entire list but something to get you started.