Following the trend is actually very easy to learn and seems to hold the rice running anywhere for more than a week to a year. Of course if you get into the right trends you can make a lot of money so let’s take a look at the benefits:
Offers any free market trends
Currency trends and any other free market instruments and they can be traded in the same way and you get bullish and bearish trends so that you can make money in any economic climate.
The reality of the price movement is trade
Decision-making tendencies do not involve predictions, ‘gut’ feelings or “shooting from the buttocks”, nor do financial press studies. To make it easy to follow trends you need to follow a general rule that is objective and allows you to see changes in price movement and lock in trends.
It makes huge profits
The trend follows the absolute return compound shows. It doesn’t shoot for the ‘small’. Or at a time of average profit and financial market volatility, it can make you huge profits.
Take advantage of mass human psychology
The price of a currency reflects the traders’ intentional expectations only. People’s reaction to the market is always the same – the majority follow each other and lose in the end. People like to be social and compliant, even if the group is wrong. When traders follow each other, they fall into the hysteria of the crowd and it means loss. Following the trend will always make money because most traders can’t think for themselves.
You do not want to be frustrated if you cannot get the right pitch so invest in a good capo
Following the trends, defines exit rules for accepting quickly lost trades to control your account losses and save capital in your account. It doesn’t matter if the win rate ratio follows the trend. If you hold a trend for weeks or months, it will cover a lot of small losses. Following the trend may result in more losses than you gain but your profit size can sometimes be 10 – 20 times the size of your loss so you can see why you don’t need a high ratio of winners to losers.
Following the big steps means lower cost of doing business
If you trade a lot during the day, you will lose a lot of trading costs related to the profit you are aiming for, but not by following the trend. With this long-term approach to trading, the cost of doing your business is minimized and your overall profits increase.
The good news is that this method is easy to learn if you want to make a big profit
You don’t need a fancy system or indicator to learn this method of trading, anyone can learn it and also, you have the confidence to know that it has worked since the market started. So in order to make money in the short term time frame and instead of making a lot of effort, follow the trends through price trading and make huge profits like pro traders.