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They represent a variety of assets and are available in different sectors. A trader can select a pick ETF of an asset class if they have knowledge of the particular asset. Trading ETFs follows the same principle as investing in individual stocks, except that you would be trading a group of different assets.

Currencies

Forex or foreign exchange is another dominant sphere for swing traders. While trading currencies, you want one currency to increase or decrease in value compared to another currency. The forex market can be very volatile and is mainly traded by experienced swing traders.

Commodities 

Commodity trading is usually attempted by professional swing traders in exness web trading. These are hard assets that are divided into energy, metal and agricultural products. Unlike other assets, commodity markets remain open and functioning throughout the day, and trading is continuous. Therefore, it comes with a high risk factor for traders.

Cryptocurrencies

Trading cryptocurrencies is becoming increasingly popular among swing traders. To profit here, you need expertise not only in swing trading, but also in how cryptocurrencies work. The volatility of cryptocurrencies is very attractive for swing trading strategies.

Choosing the right asset 

For a beginner, the numerous options available could be simultaneously appealing and overwhelming. If you don't have expert knowledge on specific assets, you need to first figure out which market you want to specialize in. It is not recommended to trade more than one asset at a time, especially if you are new to the field. 

Swing traders have a variety of resources to make informed decisions regarding their trading. Depending on which financial instrument you prefer, you can and should take advantage of the tools available. When you start out, your goal is to study the interconnectedness of an asset and speculate its movement. 

As you progress, you may also want to try trading in other sectors. However, when you have more experience, you'll have a better idea of your trading preferences. 

Swing Trading with CFDs

When trading CFDs or contracts for difference, you are essentially trading on margins. The concept is that you don't own the underlying financial instrument (be it a commodity, stock, or forex). Instead, you trade an instrument that tracks the asset in question. This way, you can determine whether you feel bullish (buy order) or bearish (bearish) about the outlook. 

Crucially, trading via CFDs is a great way to go short on swing trading. Since you are not buying or selling the physical assets, your profits are increased when you trade on margins. 

Duration of swing trading

Swing trades are ideally meant to be short-term positions. However, in the short term, the duration can range from a few days to a few weeks. The basic strategy is to take profits when the price goes up (or down in the case of short selling).

Some traders prefer to take smaller profits, while others run the asset to maximize their potential gains. However, the longer you hold out, the more you risk other factors affecting prices to cause losses.