I am getting mixed signals as to how long that actually is. I have read a Toni Turner book and she said Swing Trading is about 2-5 days. Then I read something else that says it is up to a month. I thought Position Trading was about a month to six weeks? I have tried Daytrading and absolutely hate it because it requires too much time and is too stressful for me so I know my risk tolerance now. If I use swing trading, that means I can place roughly 4 trades per month or 48 trades per year. I want to be actively involved in the stock market, but I don't wanna overdue it because of my small account balance of 10,000 and because as I mentioned earlier, i don't like daytrading at all.
Also, if I use purely swing trading as my technique of choice and maybe position trading occasionally, how do I set up my indicators? I have been using Volume, RSI, OBV, SMA, EMA Bollinger Bands and would like to stick with those. I have been hearing alot about ADX and might like to use it if someone could teach me how it works.
I would love to learn the Forex markets, but right now they are foreign to me. I need to master one thing first. If some of you Forex guys could explain to me why you like that market over all the others, I would love to hear it. I never even realized 7 months ago that their were so many different markets to trade in. The masses only hear about stocks and bonds.

Hi again Tigerman.....
as i know a swing trading means holding a positon from a few days to a few weeks..you can also find here on this video some other usefull information on the swing trading :
An Introduction to Swing Trading
you can also find here good information on the ADX :How to Trade Trends Using the ADX - Forex, Futures, Stocks
and i guess here you can see general idea about the forex market :
What You Need To Know about Forex Trading
hope thats help Tigerman..
best luck
Houssam...

I also want to know why many of you think forex trading is better (or more suitable) for you than the stock. I feel that in forex market technical indicator works a little better than the stock. Is it really the case ?

tigerman,

There is no scientific definition for swing trading. Like everything else in trading, it's more art than science.

I consider myself a swing and trend trader. I hold trades anywhere from 1 hour to three weeks or more, although my average time in trade is 4.2 days.

You mentioned the indicators and how you would like to stick with them. If anything, I would encourage you to eliminate most of them. My profession is to assist traders with designing systems and strategies - I have never seen anyone develop a success system using more than 2 indicators. Anything more complicated than that is usually overoptimized and more likely to fail.

The first step in designing a strategy is to decide which tools you are going to use. It is much more exciting to jump in and get your hands dirty, but in my experience that is not a recipe for success.

I recommend narrowing the list to a handful of candidates. Watch the market and how those indicators behave in response, look for patterns, etc. You want to make yourself a master and expert of 1-2 indicators, or perhaps even the raw price action. Almost everything displays patterns. The problem is acquiring the experience to recognize them amidst the noise.

The best analogy I can think of is a schoolkid timing a jumprope before hopping in the middle. You have to understand the tempo or else you fall on your face.

Forex Pros:

• It trends longer and harder than other markets, generally speaking
• Rollover potentially adds substantial income to position trades
• Margin trading allows you to allocate similar position sizes to your trades in other markets without tying up as much capital. I say this encouraging you to bear the usual risk disclosures in mind. Margin is not a license to trade a million bajillion dollars with a $1,000 mini account. Discipline is critical when using this tool
• I think spread costs are more fair to the little guy. Forex is the only market I know of where someone with a mini account can execute a trade for $2. That type of pricing in stocks is usually reserved for high volume, big money traders.

Forex Cons:

• Limited number of instruments. There are only 8 major currencies listed on most brokers. Most of my strategies look for very specific market conditions, making it more difficult to find opportunities.
• Rollover works both ways. Try going short GBP/JPY for two weeks. You quickly realize that rollover gets expensive very quickly.
• Since forex is OTC (over the counter) instead of exchange traded, there are more shenanigans with slippage and arbitrage. This is especially true if you trade with smaller firms. I recommend sticking with the brand names as you are less likely to encounter problems.

__________________
Shaun Overton
OneStepRemoved.com
Strategy and Automated Trading Development