Explore Trend Trading In FX by Solomon Chuama
Even if a market is trending, traders still need to manage their risks and positions. Here we explore the currency markets and discuss a technique you can apply so you aren’t trapped in trades when the trend ends.
Trend trading has been a popular style of trading for many years. There could be many reasons for this, one being that trends can be visually detected. During a trending market, if you catch the trend at its beginning, you’ll get a better price; the better price you have, the more likely you’ll make a profit. Trending markets typically have low volatility but move in one direction. If the market is moving up consistently and making new highs then you have to go long...