Review: TECHNICAL ANALYSIS & SWING TRADING
Rating: 5 out of 5
Date: 07 13, 2014
Swing Trading is one of the best strategies for Forex, stocks, ETF’s and commodity trading.  It gives the trader a chance to profit on up and down price movements without the trader having to spend as much time as a day trader.  Swing traders rely heavily on technical analysis rather than fundamental.  They combine Fibonacci Retracements with other technical indicators such as Moving Averages and Support and Resistance levels.  Fibonacci Retracements are psychological support/resistance levels within a certain range of price levels in an upward/downward trending movement.  Essentially this means that stocks will often retrace a % of their previous move before reversing.  Fibonacci Retracements often occur at 38.2%, 50% and 61.8%.  Swing traders should watch for these retracements when starting a short/long position.  Walker does an excellent job with this subject, he gives readers detailed descriptions and examples to ensure their understanding of this somewhat complex trading strategy.  I highly recommend to anyone currently trading as well as those just beginning.