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Trend Following - The Most Popular Forex Trading Strategy

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  • Trend Following - The Most Popular Forex Trading Strategy

    Trend following is by far the most common strategy used by individual traders when trading in the financial markets. Many traders have made a lot of money using this system; it is quite a straightforward method which can be picked up relatively easily. Even though the technical side of trend following is rather easy, you need discipline and sound money management skills in order to make it work. Since trend following is a long-term strategy it does require a lot of patience and determination.

    The individual trader may not be aware of some of the powerful underlying economic factors that create these trends however, that doesn't mean that they cannot be identified and acted upon. The individual trader has as much chance of impending success as the most senior and experienced traders if they can keep their emotions in check and act logically on the information at hand.

    Forex is not about gambling. You must be aware of a trend before you enter the market. In order to identify a trend's character you must employ fundamental and technical analysis, you also need to decide on the entry and exit points.

    Be careful when trying to identify the existence of a trend, there can be many false signals. Always remember that there are only 3 types of different trends, up, down or flat. If you take two points on a chart and draw a moving average between them the pattern that emerges can be called a trend.

    Try not to trade on random fluctuations although it may look like a trend, be patient and wait for the real thing. Even though trends can be identified visually you may still need technical tools to trade it and time it correctly.

    The main purpose of trend following is to recognize the trend, and identify the counter-trend movements and use these to trade in the original direction of the trend. Try to keep going until the trend finishes and then take your profit. This lies at the core of successful trading.

    Trend following truly is the easiest and most basic way of making money with forex. It is not a get rich quick scheme; it is reliable but requires a good degree of patience and confidence. Take your time to learn how things work.

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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
    Thanks for sharing this.


    • #3
      The trend is at the core of one of the most well known procedures for trading the Forex markets – technical analysis. This strategy pursues 3 presumptions: prices rebate everything, history will in general repeat itself, and prices move in trends. Therefore, when a given currency pair exchange rate moves, the market trends. While most traders imagine that prices can just go up or down, Charles Dow's hypothesis states that there are in truth 3 trends in the market: up, down and "sideways".


      • #4
        In the forex market security of the investment is the main issue. There is so many brokers who take money easily but the withdrawal process is too difficult that trader lost their interest to trade in the forex. So, as a trader, it is mandatory to research all things about the broker before selecting it it. You can compare and gather all the brokers' information from AtoZ Markets. They provide brokers review which can help you to compare and research all the broker at a time.


        • #5
          It is very important to follow the trend in trading. If you don't follow the trend, you have to face loss most of the time. There must be a loss in trading, but to cover this loss, you must first follow the trend. If you do not follow the trend, you may face loss. The trend depends on supply and demand. If a trader trades in the Forex market without noticing the trend, he will never be a successful trader.


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