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Tuesday, June 19, 2012

Trade with the Forex markets with Trend

 A mistake to many forex traders amateur is that they always want to take a position against the current. For example, if the price of a given pair has risen sharply, they will look to try to buy a tower and opening a short position. But the reality is that it is much easier to try to trade with the trend
The reason is that trends can be left for long periods. So if you are trading against the trend, you can come out many times. But if you are trading in the direction of this development, you may find yourself making some great gains
You do not even have your timing absolutely spot in many cases, either because the trend will often come to your rescue. For example, if you enter a trade in a rising trend in the market and prices fall, you may well find that at some point the trend will prevail and your long position will eventually pass into profit






This is especially true in the long run because trends can last for days, weeks and months. In the short term, it is not so easy to trade with the trend all the time because trends can change quickly. But you can always look at long term charts to identify trends and then pointing your articles on shorter deadlines
For example, if you like to take positions in Table 5 minutes, instead of trading with a trend for 5 minutes, you can wait until the trend is upward or downward on both 15 minutes and 1 hour charts, for example. Then you can type in a similar position in Table 5 minutes, when the opportunity arises
This will dramatically increase your chances of success because you have probability on your side. If a couple moves on two longer periods, so there's every chance that the trade is placed in a shorter time will produce decent results
The goal is to succeed in forex trading is to find high probability trading opportunities, and the best way to do this is to always act with the trend rather than against it. If you try to trade all the time again and go against the trend, then it is unlikely you will ever managed to become a successful currency trader in the future

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