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Trend Following in Forex

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  • Trend Following in Forex

    Trend following is actually very easy to learn and looks to hold moves which last anywhere between a week to over a year. Of course if you get into the right trends you can make a lot of money so let's look at the advantages:

    Any Free Market Offers Trends

    Currencies trend and so does any other free market instrument and they can all be traded the same way and you get bullish and bearish trends so you can make money in any economic climate.

    Trade the Reality of Price Movement

    Trend following decision-making doesn't involve prediction, 'gut' feelings or "shooting from the hip" and also doesn't involve studying the financial press. Trend following simple requires you follow a simple set of rules which are objective and allow you to see shifts in price momentum and lock into trends.

    It Makes Huge profits

    Trend following looks to compound absolute returns. It doesn't shoot for 'small.' or average profits and in times of turmoil in Financial markets, it can make you huge gains.

    Take Advantage of Mass Human Psychology

    A currency price are just subjective expectations of traders reflected objectively. People's reactions to markets always remain the same - the majority Follow each other and end up losing. Humans like to be social and conform, even if the group is wrong. When traders follow each other, they get caught up in the crowd hysteria and that means losses. Trend following will always make money because most traders simply cannot think by themselves.

    You Don't Need to Win Many Traders to Make Huge Gains

    Trend following, has defined exit rules to control losses on your account and when quickly take losing trades to preserve the capital in your account. The win loss ratio doesn't matter in trend following. If you hold a trend for week or months, it will cover a lot of small losses. You can have more losses than profits when trend following but the size of your profits, can be sometimes 10 - 20 times the size of your losers so you can see why you don't need to have a high ratio of winners to losers to make big profits

    Following Big Moves Means Low Cost of Doing Business

    If you day trade a lot you lose a lot in transaction costs in relation to the profit you are aiming for but in trend following is not so. With this long term method of trading, your cost of doing business is minimal and increases your overall profits.

    If You Want to Make Big profits the Good News is This Method is Easy to Learn

    You don't need any fancy systems or indicators to learn this method of trading it can be learned by anyone and also, you have the confidence of knowing its worked since market began. So rather than struggle to make money and make a lot of effort in short term time frames, follow trends via price action and make huge profits like the pro traders do.


    Article Source: http://EzineArticles.com/6065283
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    "Step into the arena and hold on to your hat. Don't get discouraged if you don't make 8 trillion dollars in your first month. Trading is not a get rich quick scheme. Realize that trading is a skill and just like any other skill it takes time to learn. Have convictions in your decisions in life and trading. Ignore the comments and "advice" of those that have never traded a day in their life."


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  • #2
    I concur. I'm a specialized swing merchant, utilizing fractal direct breakouts and retracement responses toward effectively exchange the fates markets.

    Forex exchanging can be extremely gainful, with 2 conditions:

    1) You comprehend and execute sound hazard administration and cash administration procedures, including entirely restricting misfortunes on all exchanges and having a taught non-passionate exchanging plan. The use utilized in forex exchanging can make this action hugely beneficial, or can cause huge misfortunes.

    2) You bargain just with an authentic, directed, representative/merchant or ECN, so that there is no danger of misrepresentation or different shenanigans.

    As I would see it, a greatly improved arrangement is to exchange cash prospects through a directed fates specialist. Exchanging is done on the Chicago Trade, and the representatives are controlled by the US government. Exchanging is exceptionally dynamic in AUD, GBP, computer aided design, EUR, CHF(SWF) and JYP, and there are full estimated, scaled down and small scale measured contracts accessible. You can likewise exchange a few minors (NZD, MXP, and so on.) and a few crosses.

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    • #3
      High effect economic occasions can cause price spikes/holes, creating huge slippage the difference between the price you expect and ​the price you jump on stop loss orders. It's ideal to abstain from being in exchanges for the couple of moments encompassing high effect booked news occasion. Check your economic schedule before trading, and note the high effect news times. For U.S. stocks and futures, you can utilize whatever you like.

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      • #4
        To become a good trader a newbie has to learn all the basics about forex first. Without any knowledge and information forex is just like an impossible puzzle to solve. So, as a new trader before taking any decision, he needs to gather all the information about the forex. A newbie can gather all the information about forex from many sources. I always rely on AtoZ Markets. They provide all kinds of forex-related information and news. They also provide broker reviews. They are very useful for any new trader in the forex market.

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        • #5
          Forex trading is more reliable than any other internet marketing . if you can acquire most powerful analyzing trade knowledge from here by passing a long time , then you can earn money from here very rapidly.

          Comment


          • #6
            As a new trader, you must first learn. It is not possible to survive in Forex without learning and trading. You can never make a profit without knowledge and discipline. Because Forex is not an easy thing, it is not possible to make a profit by joining trading here. Lots of research is needed here. I trade under the Eurotrader broker. This broker manages all the activities of their broker through a lot of honesty and friendly behavior.

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            • #7
              Forex is the most famous and profitable business in the world. If you want to earn money from the forex market then you should gain proper or strong knowledge about forex first. You can't survive in the forex market if you don’t gain strong knowledge. I trade with Eurotrader. They are a very reliable broker. They are one of the best brokers I have ever worked. I would easily suggest this broker if anyone looking for a reliable one.

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