• Home
  • Contact Us
iBusiness Angel
No Result
View All Result
Saturday, April 1, 2023
  • Home
  • Finance
  • Accounting
  • Sales
  • Business
  • Marketing
  • Home
  • Finance
  • Accounting
  • Sales
  • Business
  • Marketing
No Result
View All Result
No Result
View All Result
Home Business

Top three things to consider while trading in favor of the trend 

by Harold Washington
December 17, 2019
in Business
0
All You Need To Know About WMS And Its Many Benefits
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Trading in favor of the long-term prevailing trend in the market is one of the most profitable ways of trading the live assets in the market. If you look at the professional traders in Singapore then you will notice most of them are profitable in forex trading since they follow the trend in their trading. Forex trading Singapore is now very much popular and professional brokers like Saxo is offering full-fledged trading service to the retail Singaporean traders. However, there are certain things that you need to care when you trade in favor of the long-term prevailing trend. In this article, we will discuss the major technique which the professional traders in their trade execution in favor of the long-term prevailing trend.

Use the higher time frame: Most of the novice traders in the forex trading industry consider forex as get rich quick scheme but they soon realize the hard truth in real life trading that it’s the place for the pro traders in the market. In order to make money by trading the financial assets, you need to make sure that you are trading in favor of the long term. If you look at forex trading then you will notice that most of the traders are now pretty much successful since they use the higher time frame in the market. It’s true that by trading the smaller time frame will give you lots of trade signals but they will be full false signals. As a professional trader, you should always focus on high-quality trade executions in the market rather the high-frequency trade.

Know fundamental factors: Forex market is always changing its direction even though in gradually proceeds toward the long-term prevailing trend. The short term counter trend is often known as retracement in the market. If you look at the professional traders then you will notice that most of them execute their trades in the market in the minor retracement of the trends. But in order to trade the retracement in the market, you need to make sure that you are well aware of the fundamental news release in the market. If you ignore the fundamental news release then you might be trading the trend reversal in the market thinking that it’s a minor retracement of price in the financial instrument.

Use Price action signal: The study of the raw price data in the market and executing the trades using the candlestick pattern is known as price action trading strategy. Forex trading Singapore is getting popular every single day and professional brokers like Saxo are proving high-quality trading tutorials and lessons for the beginners’ traders. When you trade in favor of the long-term prevailing trend in the market make sure that you follow the proper price action trading strategy in the market. As a professional trader, you should always try to trade the key support and resistance levels in the market since it is one the key ingredient to executing the high-quality trades in the market.

Summary: Trading is all about precision and risk management. As a professional trader, you need to learn how to trade the trend line in the market using the price action confirmations signal. If the trade goes against you then consider it as a trend reversal and don’t try to recover yours loses in the market rather wait for the next trading opportunity. Last but not the least stop picking the tops and bottoms of trade rather try to trade in favor of the trend in minor price retracement.

 

Harold Washington
Harold Washington
No Result
View All Result

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019

Categories

  • Accounting
  • Auto
  • Business
  • Coworking space
  • Featured
  • Finance
  • Human Resource
  • Industrial Fume Extractors
  • Industry
  • Investment
  • Laboratory
  • Law
  • Legal
  • Marketing
  • Real Estate
  • Sales
  • Tech

Recent Post

What Exactly Is Automated Digital Accessibility Testing?

March 26, 2023

How Photo Booths Can Help Your Event Succeed

March 25, 2023
Tips and Strategies from Top Event Companies in Singapore

Tips and Strategies from Top Event Companies in Singapore

March 22, 2023
The Future of Internet Technology Providers 

The Future of Internet Technology Providers 

March 22, 2023
Incredibly essential in hiring the professional law firm SEO agency

Incredibly essential in hiring the professional law firm SEO agency

March 21, 2023

Advertisement

Recent Post

What Exactly Is Automated Digital Accessibility Testing?

March 26, 2023

How Photo Booths Can Help Your Event Succeed

March 25, 2023
Tips and Strategies from Top Event Companies in Singapore

Tips and Strategies from Top Event Companies in Singapore

March 22, 2023

Quick Link

  • Contact Us
  • Finance
  • Accounting
  • Sales
  • Business
  • Marketing

Featured

Copyright © 2023 ibusinessangel.com | All Right Reserved .

No Result
View All Result
  • Home
  • Finance
  • Accounting
  • Sales
  • Business
  • Marketing

Copyright © 2023 ibusinessangel.com | All Right Reserved .

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In