Welcome to my Swing Trader Pro Forex Trading System review. Swing Trader Pro is an easy to use manual forex trading system. It only requires a few minutes each day. This forex trading system is suitable for both beginners and more advanced forex traders. It was designed to be used on the free MetaTrader 4 trading platform. It can generate forex signals which the user can then decide if they want to enter the trade or not. In order to use this forex system, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
Swing Trader Pro Trading Strategy
Swing Trader Pro is not a scalping system (the hint is in the name!) instead it targets mid-long term trends. The developer recommends the 4 hour and daily time frame charts. I can see why this is suggested as the higher time frames can help to filter out the noise that lower time frames can have. Also, you do not always need to be chart watching and can check back every 4 hours or even once per day to see if there are any possible signals.
It can be used on any currency pair so you will always have plenty of opportunities for finding trades whatever time zone you are in or what market you can trade. Trading more pairs can also add diversity sto a trading portfolio.
The strategy itself is based on linear regression for accurate price action analysis. The system includes chart templates and indicators that show when the algorithm finds trading signals.
As with any forex trading system, I would make sure that there is a good trading plan in place with sensible money management and strict trading discipline. Personally, I would cut losing trades short and try to let my winners run, locking in break even and using a trailing stop if necessary. Ideally, I would only take trades that offer at least a 1:3 risk to reward ratio so that a winning trade is 3 times the size of a losing trade. This means that 1 losing trade will not wipe out consecutive winning trades. I would also use an ECN forex broker as I find that they tend to have some of tightest spreads, lowest commissions and reliable execution speeds.
Swing Trader Pro Summary
Overall this is a good long term trading system that is very accurate and easy to use. When combined with smart money management and controlled trading emotions it can make plenty of pips without much time needed. The system includes an easy to understand instruction manual with screenshots of trade examples. You also get dedicated support and a money back guarantee.