It can be applied to various financial instruments, including commodities, cryptocurrencies, and stocks.

The goal of swing traders is to capitalize on price swings—oscillations in the market as a trending asset moves up or down.

Traders typically use a combination of technical analysis to identify patterns and trends, alongside fundamental analysis to make more informed decisions about when to enter and exit positions.

Swing trading involves holding positions longer than day trading but for a shorter duration than long-term investing, striking a balance between the two approaches