Trading in the trending market is very profitable. Once you pick the trend you are good to go. But the problem is any pair doesn't trend all the time. A good amount of time price remains in range bound. That's why we need to be expert in both kind of markets.
If you are going to trade according to the current trends then you need to be in the know at all times because trends do not stay the same for long. They Always keep changing and staying in trend may prove to be difficult. It is however possible.
Trading while the market is trending can really be profitable. You can pick a strategy and stick with it throughout in order to get consistent profits. You can also practice on demo to see what strategy suits your trade.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.