In this post I will be reviewing the Elite Swing Trader manual forex trading system for the MetaTrader 4 (MT4) trading platform which is free to download and available from most forex brokers worldwide. I would always use an ECN forex broker for the lowest possible spreads, best possible executions and low commissions.
The Elite Swing Trader system is suitable for any level of forex trader as you simply follow the rules of the system and can then choose to place trades accordingly after you have verified them.
What is good about this system is that it only requires around 5 minutes per day to see if there are any signals on the currency pairs you wish to follow.
I always prefer to trade the EURUSD & GBPUSD where possible as they can have plenty of liquidity the majority of the time and tend to make big moves which can be important when swing trading.
Just to clarify for those who may not be aware – swing trading is placing and holding trades over a period of weeks or months, thus is commonly known as one of the least stressful trading styles!
Elite Swing Trader Trading System
The Elite Swing Trader provides a set of rules you can follow to make long term trades. The rules are very easy to follow and explained clearly with real trade examples.
The beauty of swing trading is it does not take much time and you can catch some market moves if you implement swing trading rules correctly – you may even add your own technical, fundamental and price action analysis to the Elite Swing Trader system in order to further improve the signals.
Make sure as well that you have good money management where your winning trades are greater than your losing trades which should be achievable especially when swing trading. The disadvantage of swing trading is it might need give enough activity for those who like more trading action.
Elite Swing Trader Summary
Overall, the Elite Swing Trader system is very simple but a decent introduction to the longer term swing trading style. It is very flexible and may be useful for those who do not have much free time to trade or those who are fed up of being whipsawed all day long trying to scalp and intra-day trade!
It is suitable for any level of trader and is reasonably priced although the majority of the information within the Elite Swing Trader system can be found online by researching swing trading in general.
It does come with full support, instructions, many trade examples and a money back guarantee.