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As we all know that trends are our friends and we must trade with trends and avoid trading during choppy markets and start but it is very difficult to find the beginning of trends and reversals and for this we need to have sufficient market experience. and trade and only we will survive in this market, so we have to make a strategy to catch the trend early and exit at the end of the previous trend.
what do you need to identify trends? Ofcorse you have to understand the concept of bound ranges. A currency is traded in a range when traded consistently between two price points that are not too far from each other. When you have identified the currency that exits the position of the range, no matter which direction it goes, you are then in a better position to make the decision whether to enter a trading position.
Yes, I fully agree with you. we have to move according to the trend, if you are with the trend your profit will flow. To understand trends and requirements for trends, we need knowledge, because only knowledge will function as a strength for you in Forex. If you will be able to understand basic concepts such as terms of technical trends and fundamentals, you will become a successful trader in the future.
If a trader understands market trends and observes technical charts to understand trends and then open trades, we can profit. so good that he can profit most from trading. But it's very difficult to catch trends all the time. If we first follow the basic news
The trend is that friends in trading are right, so always trying to ride trends, basically forex is very risky and the price volatility is very high, basically to follow the trend is possible with a combination of indicators that tell us where the market is now. Without indicators it is difficult to trade with trends. The combination of indicators gives an incoming and outgoing signal during trading.
When I also often consider the consequences, if the price setting is low or maybe the higher selling price is related to fresh without reflection, when I immediately enter the market industry, and hope there is a change in selling prices but it turns out, the retail price continues to develop higher reduced, because at this point it happened to usd and chf and NZD and USD.
:) I think we should be able to walk well and I think we should be able to do it well and we must be able to walk according to trends and I think we should be able to do well and wait then it will be very good ... as a trader we do have to walk according to the trend the results will be good. :)
You are absolutely right. Sometimes it also happens to me that I repeat my mistakes and don't follow the trends correctly. Traders who know how to climb the trend have a very low chance of losing. So always remember when to trade and when to close your position.
Forex is a very difficult, unpredictable and complicated business and unavoidable losses in forex and we should not worry if we face a critical situation. We must learn from our mistakes and try not to repeat those mistakes that cause reasons to lose. We must change ideas and trends to get useful results from forex trading.
Make trends become your friends. Many traders suggested that, and sometimes I heard this expression in our discussion. I sometimes believe that trends are important and that is why we as traders must base our decision to open a buy or sell position, even though one problem that I sometimes face, the indicators used have given a good trend but prices are moving towards trends. Is it wrong?