5 Ways to Make More Money Swing Trading

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5 Ways to Make More Money Swing Trading

• The forex secret

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Increase Your Bandwidth Learn More Trading
Systems or Trade More Currency Pairs
If you trade one system and a handful of pairs,
then yesyour earning power might be limited. But
what if you simply increased the number of
opportunities that are available to you? Instead
of just trading 5 currency pairs, try 10or even
27.
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Trade the 4-Hour Charts
When people hear about Swing Trading, they
usually assume that you are trading on the daily
charts. But I have found that the 4-hour charts
offer the best balance of not checking your
charts too often, and providing ample
opportunities to find good trades.
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Reduce Your Portfolio Risk

• Focusing on making more money is great, but
  sometimes you can increase your profits by simply
  losing less. The first place to start is with
  your risk per trade.
• I hope that you are using fixed fractional risk
  management. In other words, risking the same
  percentage of your total account on every trade.
• If you are, then great! But you may need to
  scale back your risk per trade.

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Optimize Your Entry

• Having a great entry can make your job as a
  trader so much easier. That's why I believe that
  the entry is much more important than the exit.
• For example, in this chart, would you make more
  money if you went short at point 1 or 2? Well,
  the answer is obvious.
• Of course, this example is a bit exaggerated,
  but it illustrates an important point. If your
  exit was the same on both trades, then point 1
  would be much more profitable.

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Target Higher R Multiples

• On the other side of the coin, you could also
  try to target more profit. Of course, the bigger
  your profit target, the less likely it is to be
  to be hit.
• So again, your mission is to back test your
  ideas, one at a time. Keep track of your results
  and find out if increasing your profit target
  might help you make more money per trade.

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Thank You

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