Trend trading

Trend trading

It is another style of trading that suits those who are looking to take advantage of trending prices that according to them might persist for a lengthy period of time. Such traders will probably try to identify profound vulnerabilities, exposures to external and internal risks of the currency they trade before making the decision to enter the market.

Trading the trend can be really effective. You may collect profits for a long period of time until the trend starts to reverse. But there is a problem with identification of the trend reversal time. You should be really attentive to any fundamentals that might distort your winning bet.

Example of a trader

George-Soros.png

George Soros, one of the most successful investors in the world, the man who broke the Bank of England, is probably the major trend following trader of our times. In part, due to his trend following strategies, exceptional gut feeling and foresight of “trend-reversal” events he managed to become one of the 30 richest people in the world.

Latest news

Evergreen buck extends losses

On Tuesday, the evergreen buck kept slumping for three sessions in a row because dovish remarks from a Fed representative put downward pressure on the US currency…

American equities struggle for direction

On Tuesday, American shares struggled for direction due to the fact that profits in Walmart compensated losses in financials, with trade negotiations between China and America in focus…

Gold surges to fresh 9-month maximums

On Tuesday, gold managed to rally because traders awaited the publication of the minutes from the recent Fed policy gathering with hopes for them to confirm the major financial institution’s dovish policy stance…

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