I am a swing trader, I have between 15 and 20 forex pairs on my watchlist.
I want to know about other swing traders, how many pairs in your watchlist? Which criteria do you use to keep such pairs?
I want to learn.
I’m also a swing trader, and I keep around 10-12 forex pairs on my watchlist. The key is to focus on quality over quantity. My criteria for selecting pairs are:
- Liquidity and volatility: I stick to major pairs and some minors that offer good trading opportunities without excessive spreads.
- Correlation: I avoid pairs that are highly correlated to minimize overexposure to the same market moves.
- Trend structure: I prioritize pairs showing clear trends or strong range-bound behavior suitable for swing trading.
- Economic calendar impact: I prefer pairs with predictable movement around significant economic events but avoid those likely to face extreme volatility.
Ultimately, it’s about understanding the pairs you trade best and staying disciplined with your strategy. Quality setups beat having too many options every time.
Kerr said:
@Cass
How much does an average swing trader make per day, week or month? and why?
There’s no ‘average’ because swing trading profits vary massively based on account size, risk management, and skill. A disciplined trader might aim for 5-10% monthly returns, but many lose money due to poor strategy or emotions. The key isn’t how much you make—it’s consistency and avoiding big losses.
@Cass
You’re right, sir. I know psychological analysis is the most important part of risk management and technical analysis, but I’m asking about how many trades do swing traders usually make? I’ve heard some traders depend on 4-8 trades per month. I don’t know why.
@Kerr
In swing trading, the number of trades depends on market conditions and your strategy. 4-8 trades per month is common because swing traders typically hold positions for several days to weeks, aiming for bigger moves with less frequent entries. It’s not about quantity; it’s about waiting for high-quality setups. More trades can lead to more mistakes, especially if you’re chasing the market. Quality over quantity always wins in the long run.
@Cass
I understood you clearly, sir, because your explanation is very distinctive and useful. I appreciate your help.
Kerr said:
@Cass
How much does an average swing trader make per day, week or month? and why?
You can’t come up with an average. Emotions, account size, and strategy among other things play a role. No two traders are alike enough to give a solid answer like that, lmfao.
Kerr said:
@Cass
How much does an average swing trader make per day, week or month? and why?
3% to 5%.
Kerr said:
@Cass
How much does an average swing trader make per day, week or month? and why?
Yes, swing trading can earn 20% per day.
@Cass
Thank you.
I’d like to know your pairs and explain the reasons why you chose to trade that one.
I’d like to know your pairs and explain the reasons why you chose to trade that one.
I focus on major pairs like EUR/USD, GBP/USD, and USD/JPY because they offer high liquidity and tighter spreads, which are ideal for swing trading. I also trade some minors like AUD/JPY or NZD/USD when they show clear trends or strong price action setups. I choose these pairs because they are highly responsive to economic data, predictable in their movement, and have a track record of consistent behavior, which suits my trading strategy.
What is your average monthly or annual return rate?
My average monthly return is around 5-8%, depending on market conditions and trade setups. Annually, that could translate to 60-100% if the strategy remains consistent. However, it’s crucial to remember that trading isn’t about hitting a specific target every month; it’s about maintaining discipline, proper risk management, and adapting to market shifts. Avoiding big losses is just as important as making gains.
I am a swing + day trader, I have 4 FX pairs, no more, no less.
I use EUR/USD, AUD/USD, CAD/USD, and USD/JPY. There isn’t a correlation between these four as they are all in different continents with different economies, and even if there is, then it’s probably not much, just my guess. And they are major pairs so I don’t have to worry about large spreads as they are the most liquid.
High-impact fundamental analysis for trend continuation or change.
I look at the bond yields of different countries to gauge sentiment on the country’s economy, interest rates, and inflation expectations.
I use medium/low impact news to help me on my trade entry, sometimes it creates for or against price movement in comparison to the larger trend, and I position my entry accordingly to this info.
I use technical analysis to confirm the fundamental analysis; if there is no confluence between the two, then I probably re-analyze what part of my market analysis is wrong or I don’t trade at all.
I utilize limit and stop orders rather than market orders.
I always go with the trend; it just makes sense as it’s safer and more profitable, especially as a swing trader. This is a must.