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Trend Trading For Dummies by Barry Burns

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Chapter 18

Creating Watch Lists to Find the Best Opportunities

In This Chapter

arrow Hunting for bull and bear markets

arrow Creating candidates for day trading

arrow Keeping watch for swing trading and investing

A common question I’m asked from traders is, “What market is the best to trade?” After talking to traders who ask that question, I’ve come to understand that the question behind the question is really this: “With which market will I make the most money?”

No single market always provides you with the best opportunities. The “best market” to trade varies from time to time. In this chapter, I show you how to find good, high-probability markets to trade at any given time.

Finding the Raging Bull and Bear Markets

If you scan the world of financial markets, you’ll be able to find a strong bull market somewhere and a strong bear market somewhere. Some traders prefer to simply pick about one to three favorite markets and trade only those markets. They feel that if they focus on a couple markets they follow closely every day, they’ll tap into the “personalities” of those markets and develop an intuitive sense of how they move, which will help them trade those markets better than other traders.

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