What is Trend Following? How do Trend Followers Make Money in XM
Trend following trading strategies are often the most successful trading strategies to use. As a beginner, they are the best strategies to follow because they are often easy to implement. By using them you can also learn how the market works and make a profit as well. Many traders, beginners and professionals alike, rely on trends. Some even say that you can make a living off just one pattern, that is if you know how to use it. This doesn’t mean though that trend trading is always easy though. You may have heard the phrase ‘the trend is your friend’. However, there is another phrase which is also true; “The trend is your friend until the end when it bends.” Wise words from professional trader Ed Seykota.
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