The stock market moves in mysterious ways. Sometimes stocks just move a few pennies. Sometimes, they go into dips. Other times, they shoot up like rockets. Wouldn't you like to be able to make real money out of the big swings?

Most of the time, those big swings don't come from nowhere. The price looks as if it suddenly went up for no good reason—but if you track the market the right way, you can see how that situation emerged. Take that a step further, and you can see these situations appearing before the price shoots up.

That's the way successful traders made their money. Traders like:

• Kathy Lien started out trading FX at JP Morgan, and now trades for her own account; she is also well known writer on swing trading techniques.
• George Soros, a hedge fund manager and swing trader—one of his biggest trades was a $1bn profit making short sale of sterling in the run-up to Black Monday in 1992.
• Nicolas Darvas—a dancer by profession—who made $2m in less than two years using his own system of share price analysis.

And you could join them too!

Why do rookie swing traders fail? Mainly because they make these big mistakes.

• Gathering huge amounts of data without having a clear strategy for using it. Having a clear trading plan is vital!
• Hanging on to losing trades and not using the stop-loss limit to exit the trade while limiting their risk.
• They overtrade, running too many trading positions at a time. It's costly, wastes energy, and often results in taking on suboptimal trades.
• They don't quantify their risks and expected returns. The math is basic, but it's absolutely vital to know how much risk you're running for how much profit.

Even if you've never listened to a trading audiobook, you will understand how to become a successful swing trader. So if you want to understand how to make a lifestyle from swing trading, then you should listen to this audiobook!