Forex Dictionary Terms

Swing Trader

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Definition – What does Swing Trader mean?

A swing trader is a type of forex trader who attempts to profit from short to medium term trends in a currency pair’s price action. A swing trader generally works on a longer timeframe than short-term traders, but a shorter timeframe than long-term traders. Swing traders change their trading timeframe based on the perceived strength of the trend they are trading.

ForexTerms explains Swing Trader

Swing traders include event specific traders – reversal traders, news traders and so on. These traders wait for a trend to form and gain momentum and then move into a position for as long as the trend lasts. Swing traders must therefore have the technical analysis knowledge t oread a trend as well as the fundamental knowledge to know which events are likely to create a strong trend.

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