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every traders want to gain profit and also they want to trade on trend.. but many time we are not able to analysis the trend.. may be its have many points why we are not able,... like may be we are not follow the news ..or may be entry very early ..or we have loss our patience and enter the market and after few times we .. suffer the loss..
The reason why many traders lose is trading against the trend which is correct but the major problem is really identifying the trend.Some indicators say one thing and another says another then confusion takes place which lead to traders losing their money.if you ask many traders what the trend is there will be different answers
Riding the trend correctly in forex currency trading business is important for everyone. But the main point is that we should know the right time to exit a trend when a reversal is imminent in our trades.
Hamin akabhi bhi counter trend position naheen lena chahiye kion kay is main nuqsaan ka ziada chance hota hay. Aap ko jitna bhi wait karnay parry karo lakin trend ki direction main hi trade karo.
Most important thing you must have to know in your mind that trend is always give you good amount of profits whenever you take position with the trend. You will be very happy to get lot of profits when you open the position with the trend.
I like to trade on the fundamentals of the economy as we are able to know the condition of the economy and we can place the trade according to that condition as fundamental news may break support and resistance levels it is better to with it.
Yes it is always good thing that if you ride trend then not only you enjoy but you can get more and more pips from your trade. While doing so remember one thing that you have to take position for long time with the trend so that you will get more profit from that trade.
Trend hi sabse badi important chiz hain forex main. Lekin trend kab change ho jayega ye pata nahi chalta. Toh har baar stop loss use karke hi trading karni chahiye. Trend ke saath jo rahega wo to paisa kamayega matlab kamyega.
There is another indicator Bollinger Bands which a trader can consider to figure out the change in trend which is called trend reversal and a trader can consider the same for change in trend and then can perform their trades accordingly.
when you make the decision to fight the trend, since according to the analysis of reversal will occur.
that means your mind is free to open a position.
better to open a position with the lot is small, if it happens.