XM Forex

What is Trend Following? How do Trend Followers Make Money in XM
Education

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.
Beginner Make More Profit than Old Traders in XM, Why?
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Beginner Make More Profit than Old Traders in XM, Why?

If you read this article, I’m sure you have gone through the early stages of the trading “career”. There was a time when you were a beginner in XM -. Now looking back, it is so funny and dumb because of making money without understanding the reason. You can say, at that time, your profitability is the best. Do you believe it? You didn’t even know how to use an indicator, how could you make a profit? You make a big mistake. At that time, you were very careful with each trade and complied with the entry conditions of the strategy you had chosen. Such carefulness helped you get the first few wins, though not so big. However, it didn’t last long. Time made you lose your original good habits. In today’s article, we will discuss the reasons why new traders trade better than the old ones. Let’s follow it up!