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.