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I have heard this saying many times in forex.And I quite agree with it.You see,if we can follow the forex trend,we can always profit there.While,if we just do not follow the trend,you will lose so hard in forex.So this saying just comes out,we ride on the trend,we enjoy a lot in forex.
You will find different indications you can use with a trader to determine the popularity as well as if your trend is altering that may be referred to as well using a technical indicator for trend reversal and also the indicator is PSar.
dancing with the market is one of the best strategy that i ever use. truly trend is trader best friend. with this strategy may be we can't open position everyday but it less stress and more profitable in my opinion.
yes assi, we must know the risks, the SL can be touched then price reverses, may not be exact in placing the SL, I want to trade that fits with my character, trading for living is my dream, I believe all traders can trade for living, provided it has a strategy and good psychologyQuote:
Originally Posted by assi
We forex currency can enjoy the rides of trends in forex trading only on one conditions....We should follow trends closely at all times So that we can know when it starts and then follow it closely to make profits.
I lear about market trend and technical analysis that will help me make profit in forex. but i think a trader should decide who is he, a scalper or swinger, so they will have a better trading strategy to face the market.
Riding the trend is really a great idea to make money in Forex trading, i have tried many times to do that but the success rate is very low for me till now. But still i am not giving up my efforts because i believe in continuous efforts will surely bring success to me.
फिर मैं तुम्हारे साथ सहमत प्रवृत्ति विदेशी मुद्रा में हर बात है अगर आप सही तरीके प्रवृत्ति की पहचान तो आप लाभ के बहुत कमा सकते हैं, लेकिन प्रवृत्ति की पहचान करने के लिए आप कौशल की है कि प्रकार होना चाहिए
yes it is true most of the traders when he repeats the same mistakes so they can revive because it had just a desire to win and if the opposite is the great fall, so as I always say you can not just winning but with patience you can achieve what you want and also remember that with the fall can lerne.
It is very easy to say ride the trend and enjoy, but how to get into the right trend spot is the problem. Many time, we miss entry in the trend and end up with sad loss. The issue is that we cannot really predict if price will come down, or just keep going up and up in the market if in uptrend. Most of the time waiting for retracement before entry might just be in vain.