Trend Following Strategy - Main Chart Patterns
Trend following is the basis of the most profitable strategies in online trading. When trading with a trend, a trader must be sure that the trend he or she follows is a real and strong trend. Only in this way you have the most chances to make good profits in online trading. Trend trading strategy is based on the chart patterns as they help traders recognize the trends as a trend has already started or is going to take place. Once you find a pattern that signals about a new trend, trend traders usually wait for a trend to start in order to confirm it and only then they open trading positions in order to follow it. This way you secure your trade and have the most chances to make high profits using your trend trading strategy. I use the trend following strategy very often and l like it because a single trend can make you huge profits. Strong trends may last from few hours to a couple of days and even weeks depending on what time frame you are trading. If you follow a strong trend, you may be sure to have a positive balance by its end. The rule number one in trend following is NEVER TRADE AGAINST A TREND. A trend is your friend so once you find it in your graph, follow it until its over. If you are interested to learn more about online trading, we invite you to join our FREE trading e-course. Find more information on our website: investmentprofits.net
