Hello traders, which commodity is best for the swing trade.
Hey man, there is no such specific commodity which is good for swing trading. If you’re a chartist, TA works the same for commodities, stocks or FX.
For me personally, I like to swing or position trade commodities which are in a strong trend on either side.
Thank you friend. I’m asking this regarding volatility , can you tell me how do you determine trend.
There are many ways to determine the trend.
I use some of the easiest ways to determine a trend -
Higher highs and higher lows for an uptrend.
Lower lows and lower highs for a downtrend.
I also use the ADX indicator to determine the strength of the trend, although I don’t rely on them solely and might even ignore them at times.