#XAU/USD# Unlike day trading where traders prefer to hold the trade for a single day, swing trading lasts for several days to even weeks, which means you will not close your sell/buy orders when the sunset arrives.
Traders take profit from price swings in this strategy. Typically, they will identify a possible trend and hold the trade(s) for a period of time, from at least two days to several weeks. This trading style would suit anyone who can’t look at their charts during the day but would spend their nights analyzing the market as well as the global economy.
Four most popular trading approaches often used by swing traders are reversal, retracement (or pullback), breakouts, and breakdowns.
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