Forex Trend Trading – Part 1: Is The Trend Your Friend?
Is the “trend your friend”? That’s a question I think everyone should answer based on their own experience. If your anything like most however, you probably find that you enter trades to late, don’t stay in long enough, or take them to early. Either way the trend, in the traditional sense of the word often end up being at best a “fair weather friend”.
Why is that? The key lies with the driving force behind trends in the forex market….the banks. The banks tend to drive the fx market is a series of 3 cycles which often traps retail traders on the wrong side of the market. This cycle is found not only on a weekly scale, but also on an intra-day scale. If we understand how smart money often moves the market over the course of a week we can then learn to trade forex with them, rather than fighting the smart money.
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Watch the next training video in the series here – Forex Trend Trading Strategy – Part 2: Retail Trader Manipulation
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