Ok Traders,
lets face it: big money is made in trending markets. So it is no wonder that we often see this statement " the trend is your friend." This is just plain common sense. Get in the trend when it starts or jump in along the way (if you miss the beginning) and ride it as long as it lasts and you will make more money. However, this is not always easy to do for many traders to do. Why? Well, you may be using a trading strategy or system that actually fights the trend. And guess what? You odds of success are very limited. It is like having a tug of war with sumo wrestler. He pulls the rope on the other end and you pull on the other, who do you think will win? Easy! The big guy! Same situation here folks. Trading is about probabilities. Let me repeat that: TRADING IS ABOUT PROBABILITIES. There is no guaranteed outcome on every single trade we place...therefore the best you can do is actually follow the big moves...follow the trend. Find a forex trading strategy that is a trend following strategy and use it consistently. Doing that gives you the confidence that your trade has a greater probability of success.
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