The Best Trend Following Strategies In Forex Trading Every trade in Forex follows a trend, without one, trading would be no different than gambling! From long-term trends that extend months, to short-term trends that last a few minutes - patterns are everywhere in Forex! They just need the right eyes to capture. Each price movement is profitable in its own way and poses a substantial risk all the same. With random movements occurring so frequently, getting your hands on potential profits can be immensely difficult! Evil with the entire short, long-term trend following, winning foreign exchange is a challenge. Here are two stellar trends following strategies to use in Forex:
1) Using Breakouts: Bullish trade trends predominantly see breakouts. Every trade at one point or another, under the good market condition, experiences a breakout. When you are on the high tide, a big trend is immensely valuable. Long-term Forex traders wait months to catch a big fish and sail the profitable wave! The best way to be on the dominant side of every trade is to buy breakouts. As a smart trader, your first watch for levels with strong resistance and wait for them to break. These events have a slow rate of occurrence, which is why; patience plays a crucial role in winning breakouts. Winning these trades isn't as arduous as it seems. Equip yourself with an adept strategy - one that goes over chart patterns, potential price drops/risks, and focuses on catching a rising trend, and keep the right indicators in place. With this done, you can capitalize on breakouts mighty well!