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7 Winning Strategies For Trading Forex: Real and actionable techniques for profiting from the currency markets by Grace Cheng

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6: Strategy 2 – Trend Riding

Who doesn’t like a trend?

Many traders live by the often-repeated “the trend is your friend until the end” rule; they are comforted with the knowledge that they are with the majority of the market. Being able to ride on a trend is akin to making full use of the wind direction to steer your ship towards your destination. For a ship to go against the wind requires a tremendous amount of effort – one has to fight the stubborn resistance from the opposing wind. Indeed, for most of the time, it pays more to be on the side of the current trend than to go against it. In the forex market, trend riders can capture any trend regardless of whether it is rising or falling in an attempt to generate trading profits.

Forex ...

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