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.
45656 posted: Inclining markets offer us the best chance to benefit since the market is unmistakably moving one general way; we can utilize this data to further our potential benefit by hoping to enter the market toward the pattern. An upturn is set apart by a progression of higher highs and higher lows, and a downtrend is set apart by a progression of lower highs and lower lows.
I think trend trading is relatively challenging than range trading! Because, in a trend , there is no specific answer where the trend will be finished, but in a range your support , resistant levels are so clear to take a new trade position.
UweMoench posted: 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.
Very true, also there are pairs that trend more than others. Like i have found CHF pairs dont trend well whereas as AUDNZD is a pair that likes to trend
Trend-based trading is the best way of trading because how will you trade providing that you don’t know which trend the market is following. To determine whether it is uptrend or downtrend, there are different indicators, including RSI, moving average and etc. You can take the help of any of those indicators to justify the trend.