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I think trading with the trend is the fastest way to make profits in forex trading , the only problem with most traders is how to time their entry on the trend and when to cut the trade. , some just jump in without finding out if the market is about to retrace from a short term trend. One of the best way to make good profits from the trend is to use tools like fibonacci to determine possible points where the price might retrace from and then set pending orders to catch a better move.
I think all forex traders are depending on trend only even indicators are giving signals according to trend , the hard part is how to analyse that trend and to know if it is up or down trend , if you know, then the profit will be simply yoursQuote:
Originally Posted by nana01
Riding the forex trend in the forex market is really enjoyable. Traders following the right trend can make good profit from the forex market. So trend is always called friend in forex market trading.
yes get trade or think about trading as a game or as a ride. and take it as a hobby. because when you will enjoy a work then it will be tetter.
Most businesses know they should buy up the intensity, but you can only buy when the price jumps up and is a danger that the market price of a fixed type. Enter the market and the uptrend from the time of the correction must be required to buy the dips.
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.
When you trade with general market trend of the market you are a lucky trader. but don’t easily get fooled because sometimes the market retraces for few pips and you might get fooled it already stop and close your trades but to your surprised it continue its course.
Actually theirs no such thing as no trend. Even if the line is flat. Its still a trend. its trend is flat. And from the time the charting was been introduce in forex trading platform its continues line. theirs no broken line in their. even if its going to close on friday and open on money the line continue. that's is the trend. Now the movement of the trend depends on the volatility of the market. The more volatile the market is the busy the trend movement is.
Trend will our profit if we can predict it,and also make sure minimize our risk in forex market, for me is making good analysis so we will have chance to get profits higher than we will get losses. It is better to prevent our account from losses than we limit our account which has been in loss conditions.Quote:
Originally Posted by Adnan
They set a few orders a week and ride the trends to wealth whilst doing other in the day like rock-climbing , golf, scuba-diving etc.