Strategy and performance
Swing trading
Holding positions for days or weeks to capture a larger move. It requires wider stops, which means smaller positions, and it exposes the account to overnight swap and weekend gaps.
GFN’s figure
Swing trading is allowed on GFN accounts, subject to instrument trading hours. Overnight and weekend holding are permitted where the account and the underlying market allow - and weekend gaps remain the trader's risk, including where they cause a breach.
In detail
Swing trading,explained
Swing trading fits a fixed drawdown better than a trailing one, because a position held through a retracement does not have a floor creeping up behind it.
The overnight exposure is the real cost. A position held over a weekend can open several points away from Friday's close, and no stop placed on Friday protects against the gap itself.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
Position trading
Holding trades for weeks or months on a longer-term view. Trade frequency is low, financing costs accumulate, and the account's result depends on a small number of outcomes.
Day trading
Opening and closing positions within the same session, carrying nothing overnight. It avoids swap costs and weekend gap risk, and concentrates all of the account's risk into the daily loss limit.
Swap
The financing charge or credit applied to a position held past the daily rollover. It reflects the interest rate difference between the two sides of the pair and can be positive or negative.
Non-trailing drawdown
A maximum drawdown calculated once against the starting balance and then left alone. The breach level is the same number on your first day and after months of profit, so the cushion grows with every dollar you make.
Market close
The end of a trading session for an instrument. Positions held through a close carry gap risk into the next open, and spreads typically widen into the final minutes as liquidity leaves.
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