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Kayıt Tarihi: 13-Kasım-2019
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| Gönderen: 08-Eylül-2020 Saat 19:03 | Kayıtlı IP
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Importance of Spotting Profitable Trends-Karen Foo
Now, spotting a trend is easier said than done. But if
you are able to spot one and ride on it, you can
potentially experience a lot of untold benefits in your
trading career.To get more news about
https://www.wikifx.com
, you can visit wikifx official website.
The art of trend following or trend spotting is
something that is not new. Traders and investors have
been doing it for years.
I have personally tried scalping, day trading, swing
trading and position trading. I prefer long term trading
any day.
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wikifx_articlepic">
So, I want to give you 3 main reasons why learning to
spot trend is essential.
1. It is a popular strategy among professional traders
What if you bought gold when it dropped during the
2008 financial crisis and then closed your eyes from that
point onwards？ You would have made a handsome profit and
return just from buying and holding.
One thing that is common among many retail traders is
that they are very technical focused and they are more
inclined to get into day trading.
While day trading may be profitable for a small group
of traders, theres no harm to look at what the big boys
are doing.
Professional traders are mostly fundamentals focused and
they make decisions based on leading economic indicators
like surveys, housing starts & M2 money supply rather
than lagging economic indicators like inflation rates &
new home sales.
Unfortunately, retail traders are trading based on
what the lagging economic indicators are telling them.
That is why they lose big time.
Professional traders hold their trades for months to
ride the trend. While this method may not be suitable for
everyone, the big trends are where the big profits are
made.
2. Less stress, less headaches
One of my favourite aspects about holding a trade for
weeks and months is that it can free up time for me to do
other things. Of course, I have to do the initial
research before I put on the trade.
But once I‘ve put on a position, I don’t really
have to stare at the charts all day, which is what a lot
of beginner retail traders do.
With that said, Ive tried scalping and day trading
when I first started out as a trader.
I find that I‘m mak ing more trades but yet my
profits didn’t increase by a significant amount. In
fact, my attempt to scalp led to losses. Maybe scalping
just isnt for me.
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