How to Swing Trade for Beginners?
Get help to buy stocks to swing trade
What is swing trading?
Swing trading involves holding a stock for more than one day to several weeks to obtain short to medium-term gains. This is obtained by choosing highly volatile stocks with lots of price movement, or identifying when stock has dropped by a chunk percentage, buying, and taking the profits when the stock recovers by increasing back in price.
In this video tutorial, I will cover stock market news and business trends and which websites I use to complete stock market research. Also, I complete my swing trading strategy live with a recap of my swing trading strategy.
Common swing trading questions
How many stocks should I have in my portfolio?
For your swing trading portfolio, I would recommend holding at least 5 to 10 stocks in different business sectors for example Technology, Finance, Healthcare, Consumer goods, basic material, etc.
What is the Relative Strength Index? (RSI)
RSI is a momentum indicator used to identify when a stock is oversold meaning many investors have sold the stocks meaning less demand which means a lower price, under the RSI 30 line over the last 14 days is the indicator I use when finding stocks to buy to swing trade.
What is Fundamental analysis?
Fundamental analysis is a method of trading by studying stocks news, financials, and other factors that may affect the value of a stock such as new product releases, consumer trends to determine the real value of a stock and its potential for future gains.
What is Technical analysis?
Technical analysis is used to identify trading opportunities by using stock charts and tools to examine price trends, the volume of trades and patterns, and technical indicators such as the RSI model. Technical analysis is used to study past trading activity and trends to determine future price movements.