yogeshwartyagi Posted September 24, 2011 Share Posted September 24, 2011 History is witness that most of the time market remains in a particular trend and so nothing can be better strategy than to ride the trend to make maximum profit, i will suggest newbies not to use their brain for complicated analysis and simply go with trend regularly but with stoploss and trend reversal, at end you will find that majority of your trades are closed in profit. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 24, 2011 Share Posted September 24, 2011 I do agree with the fact that trend is our bet friend as I have noticed in any financial market, the price movement is based on a trend and a long-time trend lasts for years. So, its better to follow a particular trend and have a better chance to win your position. Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted September 24, 2011 Author Share Posted September 24, 2011 I do agree with the fact that trend is our bet friend as I have noticed in any financial market, the price movement is based on a trend and a long-time trend lasts for years. So, its better to follow a particular trend and have a better chance to win your position. Â Yes more people are interested in trading trend direction, and so if the prices have upward direction since few days more people make new entries and so prices move further up, and if we have to bear a loss due to trend change it will be negligible because before that we would have booked many trades in profit. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 25, 2011 Share Posted September 25, 2011 Â Yes more people are interested in trading trend direction, and so if the prices have upward direction since few days more people make new entries and so prices move further up, and if we have to bear a loss due to trend change it will be negligible because before that we would have booked many trades in profit. Â Yes I do agree with you that there are traders who like to catch in the existing trend which makes the trend more strong and causes a more volatile and fast move in the particular pair. Hence, it is said that trend is our best friend and the best way to earn some quick profits. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted September 27, 2011 Share Posted September 27, 2011 So the trend is also a good strategy for having a good spot for opening a position. I am newbie so it means that the trend direction will be a big advantage as we can predict the prices if it will be consistent to go up or down. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 27, 2011 Share Posted September 27, 2011 So the trend is also a good strategy for having a good spot for opening a position. I am newbie so it means that the trend direction will be a big advantage as we can predict the prices if it will be consistent to go up or down. Â Well, it is not always that following the trend can help you end up in profits but yes, there is a great probability that you might end up in profits when you trade in forex by following the trend. That is the only reason why people believe that following the trend is a wise idea. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted September 27, 2011 Share Posted September 27, 2011 Or trend is just a factor need to consider when doing forex trading. Because the trend are the brief explanation if we are good to open a position. I wonder if we really get big profit or will really rely mostly in the trend. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 27, 2011 Share Posted September 27, 2011 Or trend is just a factor need to consider when doing forex trading. Because the trend are the brief explanation if we are good to open a position. I wonder if we really get big profit or will really rely mostly in the trend. Â Yes, a trader can receive big amount of profits by just following a trend. All a trader needs to do is to detect a long-term trend and ride it until he is well positioned to earn some huge profits out of his position. Long term trends usually lasts for years in Forex market. Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted October 10, 2011 Author Share Posted October 10, 2011 Â Yes, a trader can receive big amount of profits by just following a trend. All a trader needs to do is to detect a long-term trend and ride it until he is well positioned to earn some huge profits out of his position. Long term trends usually lasts for years in Forex market. Â Well in my new it is not necessarily the long term trend you need to follow, but it is upto ones strategies and plans, those trading intraday better go accordingly to daily trend and those keep position for a week better go with weekly trend. Quote Link to comment Share on other sites More sharing options...
LRdude Posted October 11, 2011 Share Posted October 11, 2011 I guess thats the only thing a newbie with little investment can do.Following the trend and earning little by little,dollar for dollar. As a newbie i am in no position to make some risky decisions.Trend following is the only option Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted October 17, 2011 Author Share Posted October 17, 2011 You are right @LRdude it is not easy for newbies to look charts, do a forex analysis, go for latest news or understanding difficult algorithms or patterns - so why not go with simple and proven way to make profit - ride the trend until it is taking you up and up and once it start come down get down of it closing your trade. Quote Link to comment Share on other sites More sharing options...
budado Posted November 3, 2011 Share Posted November 3, 2011 Trend is your best friend and also worse enemy. The reason why I say this is that forex is so unpredictable. You see a pattern for days and you feel you know the trend but when you trade suddenly every thing change that the trend that you study suddenly don't make any sense at all. So even if you see a pattern and trend just make sure you put the unpredictable behavior in notation. Better yet that why we use stop loss. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted November 5, 2011 Share Posted November 5, 2011 Yeah, i also think that if i master the trend direction then i will have chances to earn in profit and but still that they said that i will have losses. So same with stop loss that usually it takes some minutes it stopped already while im just starting to have the changes in the trend. Quote Link to comment Share on other sites More sharing options...
katbatM Posted November 8, 2011 Share Posted November 8, 2011 If you are just starting out on your forex journey add these to your bag of essentials: Read "The Complete Turtle Trader" by Michael Covel. Learn some forex trading strategies in a place like Everestforex. (You can even receive a $100 free bonus to trade if you pass their simulator). For the forex basics, check out ForexTrendFollowing. Hope you find it helpful. Happy trading! Quote Link to comment Share on other sites More sharing options...
mohammadbadr Posted November 9, 2011 Share Posted November 9, 2011 Trend is your friend is a famous category, but when you come to the application, you will find nothing to apply if you are not able to identify the general or the big trend to go with it, you should never contradict the big trend, just enter in trades of the same direction or for little pips only in the opposite direction. Quote Link to comment Share on other sites More sharing options...
budado Posted November 29, 2011 Share Posted November 29, 2011 Like a friend theirs some who is just trying to be your friend or take advantage of you. So try to know who is really a friend and who is really pretending to be one. In forex trading do the same. Try to find out which is real reversal and which is false reversal. Theirs always many false reversal. And don't rely too much in the news and forecast. because every hour forecast do chance. So keep on updating yourself. Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted December 2, 2011 Author Share Posted December 2, 2011 Go with trend and most like you shall make profit, but dont ignore other indicators, if prices are near a resistance dont go long rather wait for them to come near a support level, so that you can make profit several times. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted December 4, 2011 Share Posted December 4, 2011 Is it difficult to have look only in the trend without forex indicators. I feel no hint at all when there is no indicator. Well i dont have yet the best strategy to have the trend going without any tools to be used. Quote Link to comment Share on other sites More sharing options...
budado Posted December 7, 2011 Share Posted December 7, 2011 Is it difficult to have look only in the trend without forex indicators. I feel no hint at all when there is no indicator. Well i dont have yet the best strategy to have the trend going without any tools to be used. If you look at the trend then that means your looking at indicator/s also. Because how can you see a trend if you don't have indicator. A chart alone is already indicator. its indicate the price. Other indicators are complicated like computing the high and low etc, In chart alone you can choose if you want linear, candle stick or other type. So in short if you look at the chart its already have an indicator. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted December 10, 2011 Share Posted December 10, 2011 Ah. Okay i get it now chart is included in indicators lol. I just think of the indicators like bollinger bands, zigzag, moving average. I think i really should also need to recognize the platform including indicators. Quote Link to comment Share on other sites More sharing options...
omostar Posted December 17, 2011 Share Posted December 17, 2011 I agree, trading trends, especially longer trends is perhaps the easiest strategy to follow in forex. Short term trades may result in losses but longer trends will most frequently result in profit and you can just live it there with the right take profit and stop loss. Quote Link to comment Share on other sites More sharing options...
pinoycity Posted December 24, 2011 Share Posted December 24, 2011 I think, there will be no opposition to this declaration that trend is the best friend of any trader. The only problem is when do you know that there is a trend and that the timing is right to enter a trade. To senior traders, it can be an easy problem but to beginner traders, it is a difficult situation. Quote Link to comment Share on other sites More sharing options...
budado Posted December 26, 2011 Share Posted December 26, 2011 I think, there will be no opposition to this declaration that trend is the best friend of any trader. The only problem is when do you know that there is a trend and that the timing is right to enter a trade. To senior traders, it can be an easy problem but to beginner traders, it is a difficult situation. friendship is both ways if you consider trend is your friend trend must also consider you as its friend. lols. That means you must have the same wave length with the trend. Because what the use of having a trend if you don't know how to read a trend. The most important thing is to differentiate the swing, the false reversal. etc. Quote Link to comment Share on other sites More sharing options...
omostar Posted December 28, 2011 Share Posted December 28, 2011 Of course within a particular trend there will always be movements up and down but if we have read the trend correctly then the overall movement will be in the direction that we have read. And this is were it will be very useful to know where to place a stop loss so that one's stop loss will not be picked while one is still correct in ones trend judgement. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted December 31, 2011 Share Posted December 31, 2011 I have read that before we open a trade for instance of 15M timeframe, we need to check first the other timeframes mostly 1H and 4H to make sure that the trend is really on good direction. Sometimes they differ in other timeframes thats why tendency we might lose too. Quote Link to comment Share on other sites More sharing options...
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