We found 11 online brokers that are appropriate for Trading Forex Swing.
Forex swing trading is somewhere in between day trading and position trading. It is a unique trading style and patience is the key to hold the trade for more than a day. In fact, some traders hold the position for a few days to make money from Forex swing trading.
In other words, Forex swing trading is a medium-term trading style and traders try to earn a return from price swings.
In Forex swing trading, a trader tries to identify a trend. Thereafter, the trader holds the position for a couple of days. It could last between two days to several weeks.
The trading style is perfect for traders who get no time to monitor the charts during the day time, but has a couple of hours at night to analyze the market. In other words, it suits a variety of individuals who can be a college student or have a full-time job, as long as he keeps himself updated with the global economy.
Traders employ technical or fundamental analysis while determining whether the price of a currency pair would increase or decrease in the near future.
Mainly, identifying swings is the key to medium-term trends. Thereafter, traders should open the position when there is a probability to make a profit.
Let us understand Forex swing trading through an example. If there is an uptrend, a trader would focus on going long (buy) at swing lows. In a downtrend, he aims to go short (sell) at swing highs. These temporary countertrends help in making a profit.
As trades last more than a day, larger stop losses are used to defeat volatility. Usually, trades move against traders during holidays. Price fluctuations can also be experienced in shorter time frames. In such cases, traders are advised to remain rational.
There are various trading strategies used by traders. We will discuss four significant ones:
This style relies on the price momentum change. Reversal itself means a change in direction. If the upward trend loses momentum, prices go downward. Here, a reversal can either be positive (bullish) or negative (bearish).
Also known as pullback trading, retracement trading is to look for temporary price reverses within a larger trend. It is not easy to predict when such a reversal may arise.
It is basically an approach in which a trader takes an early position of an uptrend and seeks the price to breakout. The position is opened immediately when the breakout happens.
It is another form of a breakout strategy. Traders try to take an early side of a downtrend and then seek for the price to breakdown to enter a position.
Forex swing trading is perfect for traders who wish to hold the trade for more than a day. This is so as traders can hold their trades for up to several weeks. Even more so, it is best suited for traders who focus on fewer trades and are very particular about ensuring a good setup for the existing trades. Also, patience is the key for Forex swing trading. Traders should also be ok with having large stop losses.
Forex swing trading is not suited for traders who prefer fast-paced trading. It is also not suitable for traders who are impatient and wish to know the success of their strategies immediately.
Forex swing trading is not everyone's cup of tea. It requires patience and some carefully crafted strategies. It is neither a day trading or a position trading, but is positioned in between the two.
In this article, we have explained the pros and cons of the medium-term trading style. In short, Forex swing trading can be for traders of any profile, regardless of whether they are college students or a full-time employee. Also, it is suitable for investors who have less time to monitor the charts throughout the day, but are able to build up strategies during the night. Beginner traders may find Forex swing trading a bit complicated as knowing the right opening position is required. However, with enough research and the help of this guide, it should be easy to master Forex swing trading.
We have conducted extensive research and analysis on over multiple data points on Forex Swing Trading to present you with a comprehensive guide that can help you find the most suitable Forex Swing Trading. Below we shortlist what we think are the best Forex Swing after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Forex Swing Trading.
Selecting a reliable and reputable online Forex Swing trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Forex Swing more confidently.
Selecting the right online Forex Swing trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Forex Swing trading, it's essential to compare the different options available to you. Our Forex Swing brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Forex Swing broker that best suits your needs and preferences for Forex Swing. Our Forex Swing broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Forex Swing.
Compare Forex Swing brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Forex Swing broker, it's crucial to compare several factors to choose the right one for your Forex Swing needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Forex Swing. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex Swing that accept Forex Swing clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Learn More |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Forex Swing ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Forex Swing for 2024 article further below. You can see it now by clicking here
We have listed top Forex Swing below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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