Support and resistance levels are fundamental to swing trading, forming the backbone of successful trading strategies by guiding entry and exit decisions. They help traders identify potential reversals and continuation patterns, enhancing their ability to capitalize on market movements.
Market Psychology in Swing Trading: How Emotions Impact Trading Decisions
Market psychology is critical for swing trading, affecting decisions through emotions like fear, greed, and overconfidence. By understanding these psychological factors, traders can make better choices and get better results.