Course Content
A Beginner’s Guide to Swing Trading Cryptocurrency
Swing trading is a commonly used trading strategy that can be ideal for beginner traders. It's a relatively convenient way to express opinions about the market due to the manageable time horizons involved. Swing traders are active in most financial markets, such as forex, stocks, and cryptocurrency. But is swing trading a suitable strategy for you? Should you start day trading or swing trading? In this article, we'll explain what you need to know about swing trading cryptocurrency and help you decide whether it's the right choice for you.
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What is swing trading?
How do swing traders make money?
Day trading vs. swing trading – what’s the difference?
How to get started with swing trading cryptocurrency
Closing thoughts
A Beginner’s Guide to Swing Trading Cryptocurrency
About Lesson

Day traders aim to capitalize on short-term price moves, while swing traders look for larger moves. In effect, day trading is a more active strategy, where traders need to frequently monitor the market, and they don’t leave positions open for more than a single day.

In contrast, swing traders can take a more passive approach. They can monitor their positions less frequently, as their goal is to profit from price movements that take longer to play out. Since these moves tend to be larger, swing traders can bring in sizable returns from even just a few winning trades.

Day traders will almost exclusively use technical analysis. Swing traders will typically use a combination of technical analysis and fundamental analysis, usually with a stronger emphasis on the technicals. On the other end of the spectrum, investors may not consider technicals at all and invest only based on fundamentals.
Which one is better for you, day trading or swing trading? Well, where do you see yourself on this spectrum of smaller to larger time frames, and technicals and fundamentals? Answering these questions will help you find what trading strategy suits your personality, trading style, and investment goals the best.

You could consider what your strengths are and choose the trading style that best magnifies those strengths. Some prefer to get in and out of positions fast and not having to worry about open positions when they’re asleep. Others make better decisions when they have more time to consider all possible outcomes and elaborate on their trading plans.

Naturally, you could switch between different strategies to see which one produces the best results. You could also do paper trading (i.e., trading with fake money) before implementing the strategies into your actual trading plan.

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